Healthcare Finance: America has a long-term care crisis

By Jeffrey Lewis

Modern healthcare has changed the way we eat, exercise, and live. It consumes approximately 18 percent of our gross domestic product and continues to be one of the most divisive issues in politics, changing the electoral landscape from Arkansas to Alaska.

Unfortunately, when it comes to preparing for the health necessities of old age – ensuring healthy, affordable independence for seniors – we are failing.

America is swiftly approaching critical mass in our long-term home and healthcare sector. Almost 10,000 Americans are turning 65 everyday – more than doubling the number of retirees who will require long-term care by 2050. Even more startling, roughly 70 percent of America’s seniors will need some type of long-term care. That’s why today, more than 45 million Americans are caring for an elderly family member.

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