Disability: Future Market Demand and Costs of Long-Term by Michael Morris

By Michael Morris

The aim of this e-book is to discover and comprehend the long run marketplace call for and prices of long term companies and helps (LTSS) for people with disabilities via a evaluation and research of the literature and in-depth case experiences of six members to higher comprehend the present adventure with and destiny desire for cheap LTSS nation-wide for american citizens with disabilities.

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463] The report made the distinction that two-thirds of Medicaid spending is for population groups and services technically defined as optional and 90 percent of all LTC Medicaid services today fall under the optional category. 4 million beneficiaries and a one-third increase in program spending between 2000 and 2003. [465] In 2003, 49 states and the District of Columbia implemented Medicaid cuts, according to the Kaiser Commission on Medicaid and the Uninsured, and 32 states revisited their initial cuts and made more.

States do not have the fiscal capacity to assume the primary role for their aging and disability populations without significant federal participation. S. 2 billion (12 percent) was spent on LTSS. 1 billion and exceeded net outlays for Medicare. 0. 3 percent covering care in nursing facilities and ICF/MRs and the balance spent on HCBS. The national average Medicaid nursing home payment is $97 per day or $2,942 per month. There is variation by state; for example, Florida has an average monthly Medicaid nursing home cost of $3,496 compared with Iowa’s average monthly cost of $2,275.

Workers. [569] The elasticity of the labor supply reflects the responsiveness of workers in any sector to the wages offered in that sector. A fairly elastic labor supply indicates that workers will respond in large numbers to higher wages. [570] Again, wages will not be the only factor that affects the transition of workers to LTC. If the willingness of people to work in LTSS depends heavily on the extent to which they enjoy providing care to the elderly; or if less-skilled men and other 48 Michael Morris and Johnette Hartnett demographic groups (such as youth or the near-elderly) are not amenable to providing such work or view it as less prestigious or as a low-status occupation, the elasticity of the labor market for this sector will be relatively low.

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