Excerpt from Senior Housing Needs: (click for entire article)
Leaders in Washington, DC, are finally starting to realize there is a crisis coming as 10,000 baby boomers turn 65 each day. Earlier this week, Senator Bob Corker (R-Tenn), warned Congress that long term care financing is a major train wreck and is “heading for a national crisis.”
These words came at a Senate Aging Committee hearing focusing on the future of long-term care in the U.S. ”There is no doubt there is a public sector role” in the future of financing long-term care supports and services, Corker said.
Loren Colman, the assistant commissioner of continuing care at the Minnesota Department of Human Services argued that the state has been trying to move care away from institutions and into the home.
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