Baucus Bill Calls Attention to Long-Term Care Insurance

Helping more people save for future medical care is a tremendous benefit to the long-term care industry, which often relies on Medicare, Medicaid, and other government funds to cover increasing costs. Such an improvement can have lasting effects on not only the long-term care industry, but on a vast segment of the country's population. The aging of the baby boomer generation (Americans born between 1946 and 1964) epitomizes the need for more widely available, employer-based long-term care insurance.

"Finally, some meaningful progress in the effort to make long-term care insurance more accessible and attractive to millions of younger, middle income Americans. This is the most positive step we've seen in some time and hopefully it won't get lost in the great health reform debate," Slome says.