Principles for Improving Financing and Delivery of Long-Term Services and Supports

Source: Long-Term Care Financing Collaborative, July 2015

More than 12 million Americans need personal assistance to live independently and with dignity, a number that is expected to double by mid-century.1 Improving their ability to finance that care will enhance their lives and the lives of their families, who often are the primary providers of their care. It may also postpone, and in some cases prevent, acute medical episodes that place them at risk and increase health costs significantly. For the past three decades, policymakers have tried to respond to the challenges of financing long-term services and supports (LTSS), but with little success. In 2012, a group of policy experts representing a wide range of interests and ideological views created The Long-Term Care Financing Collaborative to re-energize this discussion and build the foundation for new thinking and innovation. Convergence Center for Policy Resolution convenes the Collaborative and facilitates our efforts to build trust, identify solutions, and form alliances for action. The Collaborative’s goal is to develop pragmatic, consensus driven recommendations for a public and private insurance-based financing system that empowers people of all incomes to receive high quality services and supports. This statement describes the challenges we are addressing and our foundational principles for designing a sustainable and affordable system of long-term services and supports. Our approach is centered on enhancing the independence and choice of those receiving care and supporting the family members and communities that assist them. The absence of viable private and public systems to protect Americans from the potential costs associated with aging or disability undermines the health and financial security of those with functional or cognitive impairments and their family members. Put simply, the Long-Term Care Financing Collaborative believes the United States can and must do better.
Related:
Long-Term Care Project Participants
Vision of a Better Future for People Needing Long-Term Services and Supports
Long-Term Care Financing Resource Library