Question

1.How do you think this affect proposals for Medicare Reform?

2.What are the pros and cons purchasing LTC insurance?

Answer 1

1. The proposals for Medicare Reform are affected by policies such as the ACA which repeal and replace proposals affecting coverage and premiums for older adults and having a spillover effect for Medicare. President Donald Trump appears to have pushed the pause button after a rush to begin dismantling Obamacare when he first took office. Lawmakers are shifting their rhetoric from repealing Obamacare to “repairing” it, suggesting less of an overhaul than previously envisioned.

2. The pros of long-term care insurance are that it helps us in maintaining our independence, affording the quality care, and reducing the financial and psychological stress that a long-term care event causes for the patient and his or her family. The cost of the premiums is the cons of LTC.