Question

With the aging of the Baby Boomers at a rate of 10,000+ turning 65 every day during this decade, the need for LTC increases. it has been identified that the expectations of elder care for this generation are also shifting. 7 in 10 baby boomers think the Affordable Care Act covers long term care. Unfortunately, this just isn’t true.

The Affordable Care Act originally contained a provision called the CLASS Act, which created a national public long-term care insurance system. After much debate about the financial solvency of the system, opponents of the provision were able to repeal it. The Obama administration later admitted the program was “unsustainable”.

Once the CLASS Act was scrapped, a Federal Commission on Long Term Care was created to study long term care in the country and come up with a new solution. The commission concluded late last year and submitted a report, which included a grand analysis of the current long-term care system and several suggestions to improve quality of care and cut costs. So far, not much else has been done regarding the matter. So, where to from here...?

Keeping this in mind, your assignment this week is two-part (but please post it as one post).

Discussion Board:  What is the future of long-term care?

Part I: Choose an innovative idea that is being explored (or just a personal idea that you can expand upon) for our nation's elder care dilemma and expand on how you see it working, including from the business/healthcare perspective.

Part II: Who should be the primary source of funding for this care? (Gov't, private, insurance, self-pay, etc. Back it by research ~ because as I see it, there is no money!)

Answer 1

Part 1 answer: Primarily the government should initiate care for elder people who can't afford to live an independent life, initially the real struggle may come if its too big for the government means they started this as a private but under government organization so there less corruption why im saying this means if any illegal or corruption happen then the government should initiated and fixed the issues.
Private sector may lead this as a very good way but when the government also allocated funds.

part 2 answer: Government will be the primary source for the funds to motivate them for a good way, then the organization could run independently and the elderly people also don't get any irradiation. And also collecting funds from the people for the elder could improve the organization's wealth and health.