Long Term Care Funding Is Still A Problem, With Or Without CLASS

Our most recent article on the Colorado Health Insurance Insider addresses long term care and the looming funding crisis as the baby boomer generation ages.  Louise links to an article by John Goodman that has several excellent ideas for keeping Medicaid afloat by encouraging the use of personal assets, long term care insurance, and state asset recovery programs.  The CLASS Act was recently cut from the ACA because it wasn’t going to be a financially sustainable solution to the problem.  But the problem remains, and is likely to grow over the next few decades as the baby boomer generation ages.

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