Posted Saturday, July 24, 2021
Last week, Representative Tom Suozzi (D-NY-3) introduced a bill titled the Well-Being Insurance for Seniors to be at Home (WISH) Act to create a catastrophic long-term care insurance program. The WISH Act calls for the creation of a public-private relationship to provide long-term care coverage for older adults.
“We have a storm coming, with the number of disabled elders expected to double in the coming years,” said Rep. Suozzi. “Fewer family caregivers are available for these aging Americans and the market for long-term care insurance is not currently sufficient to address these demographic challenges. The WISH Act would save the Medicaid program and millions of Americans from financial ruin, would allow people to age at home with dignity, and would create millions of good-paying, middle class jobs in the home health care industry.”
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