Friday, October 14, 2011

"Class" Long Term Care no longer part of Health Care Reform

 The Obama Administration has confirmed that long-term care insurance will not be part of healthcare reform, a provision that actually made the Long Term Care Industry one of the industries cited by Kalorama Information as benefiting from healthcare reform in its report. "Healthcare Reform: Winners and Losers"

One of the conditions of passage of the healthcare reform bill was that a study would be conducted to assure that long term care insurance would be available and sustainable for 75 years.  The certification could not be made, thus the provision was dropped. 

HHS stated in a recent press release that the problem has not gone away.  The industry may have expected some increase from the health care reform bill, but as previous Kalorama Information research has indicated, this is a growing industry that will continue to see revenues despite the provision's failure.