The Financial Effects Of Long Term Care Essay

1006 Words Oct 9th, 2016 5 Pages
The financial effects of long-term care utilize vary as indicated by the kind of services used; the span of care; and the level of funding assets accessible to pay for care (Li & Jensen, 2011). Long-term care is a moral obligation and requires planning ahead the aging of the baby boomers will likewise build the interest for long-term care and contribute further to federal and state budget burdens. Medicaid and Medicare are considered as the public programs, and they are being focused on cuts on both government and state levels as policymakers hope to discover approaches to save money. Many of these facilities are subject to rule by the Centers for Medicare and Medicaid Services (CMS) since they get a generous measure of income from Medicaid and Medicare patients (Ng, T. & Kitchener 2010). Medicare and Medicaid together pay for the dominant part of long-term care. However, the programs had distinctive roots and secured covered populations were included at different times and for various reasons. Medicare works at the federal level only; conversely, Medicaid has both federal and state government program that helps people with low income and resources to pay for some or all of their health care bills. Medicaid does pay for custodial care in nursing homes and at home while Medicare was not intended to pay for long-term care and custodial services at any time. Moreover, "Medicaid covers medical care, like doctor visits and hospital costs, long-term care…

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