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NCOA vice president speaks out against proposed cuts to Medicaid |
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Friday, 08 April 2011 11:05 |
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The National Council on Aging (NCOA) recently released a statement on the proposed Medicaid cuts, saying that reducing the deficit in this way would be targeting poor, vulnerable seniors. According to NCOA vice president for public policy and advocacy Howard Bedlin, turning Medicaid into a block grant program and cutting out $750 billion would replace it with a voucher contribution program that could increase out-of-pocket costs for beneficiaries.
Bedlin emphasized that Medicaid is the U.S.'s safety net for low-income, elderly Americans, and that it pays for as much as 62 percent of the costs of long term care for individuals in this age group. Assisted living costs an average of $72,000 a year, and decreased coverage would force seniors to spend their life savings on care.
"Right now, about six million seniors need long term care, but the demand will rapidly rise," Bedlin predicted. "About 10,000 baby boomers are turning 65 every day and those over age 85 - who are at greatest risk of needing long term care - comprise the nation's fastest-growing age cohort."
He added the the budget proposal could weaken nursing home care quality, eliminate protection against spousal impoverishment and require children of assisted living residents to pay for their parents' care, which could jeopardize their own retirement plans. |