As life expectancy continues to increase, more Americans require a complicated array of long-term care services that do not come cheap. Few people are financially prepared for these expenses, and many will rely on Medicaid to shoulder the costs.
The shift toward managed long-term care may be a solution for cost-conscious states, but comes with challenges for insurers and providers entering the field.
Learn more about the growth in Medicaid in HRI’s brief, Medicaid expansion: New patients new challenges.
Implications of managed long-term care: