Long Term Care: Baby Boom Generation Presents Financing Challenges
T-HEHS-98-107
Published: Mar 09, 1998. Publicly Released: Mar 09, 1998.
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Highlights
Pursuant to a congressional request, GAO discussed the challenges the country will face in financing long-term care for the baby boom generation, focusing on: (1) the current spending for long-term care for the elderly; (2) the increased demand that the baby boom generation will likely create for long-term care; (3) recent shifts in Medicaid and Medicare financing of long-term care; and (4) the potential role of private long-term care insurance in help finance this care.
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Baby boomersCommunity health servicesElder careHealth care costsHealth care programsHealth insuranceHome health care servicesLong-term careLong-term care insuranceMedicaidNursing homesProjectionsState-administered programsMedicare