NU Online News Service, March 30, 2004, 5:01 p.m. EST, Washington – Congress could enact long term care insurance legislation next year, but first it has to learn more about insurance.[@@]
Rep. Nancy Johnson, R-Conn., who chairs the House Ways and Means Subcommittee on Health, made those comments at a conference sponsored by the National Association of Health Underwriters, Arlington, Va.
Johnson says advocates of LTC legislation have gained some ground in recent years but have not yet won the battle. One reason, she says, is that many people on Capitol Hill don’t understand insurance.
Today, people who need long term care must spend down their resources until they are near poverty. Then, Medicaid will pay for care.
The current policy is costly for taxpayers and terrible for families, Johnson says.
If Congress fails to act, the Medicaid LTC entitlement eventually will take up three-fourths of all federal revenue, Johnson says.