Long
Term Care, Nursing Homes, and Medicare need funds. The aging population of
America also will need this care at some point. Both the care and the funds are
essential for older population. But the question of where the funds will come
from has no concrete answer. Many people do not realize the importance and
costs of long term care until they are presented with a problem that correlates
a family or friend with long term care. Unfortunately, The United States
struggles with the costs of long term care because they are extremely high. The
reason these costs are so high is because Americans do not like the idea of
paying for this long term care in advance, or at a younger age.
The Older American Act is in
place which could help elders by providing things like meals on wheels and
elderly support in general. These precautionary measures and care could save
money in the long run. Medicare will slowly be pushed to a universal health
care system but funding could make this impossible, however, I believe it could
work with proper financial planning.
Maggie Hassan, William
Thomas, and Marco Rubio all bring an interesting view on how to provide funds
for long term care. William Thomas created the Green house project which Maggie
Hassan and Marco are in favor of, however, Marco believes premium support
systems could be the answer that allows elders to have the choice of whether to
spend their money on private insurance or Medicaid. Maggie Hassan also
disagrees with the private funding aspect of the Green House Project. All this
controversy of how funding should be accumulated, whether it be through the
government or private insurers is the face of the problem. Ted Cruz is so
against federal funding and social medicine. We face the problem of how to
settle somewhere in the middle to find funding for the health care of the aging
population. The question of whether or not we should make this long term care
insurance mandatory in the United States is presented. I find it critical that
we make this decision and decide how to start saving up funds to put towards
our care in the future. I believe that acting and taking precautionary measures
such as taking a percentage of our pay and putting it into an account to
accumulate and gain interest could be the answer. Taking such precautionary
measures and a primary approach could be essential. There needs to be a plan or
some form of collecting money for long term care to help deal with the costs
and provide the elderly with the care they deserve.