Long-Term Services and Supports Costs Threaten State Finances, Study Says
August 27, 2010 - Reports & Studies
The cost of caring for people who receive long-term services and supports(LTSS) in nursing homes is a “ticking time bomb” threatening to explode state budgets, according to the June 21, 2010 report, “Medicaid Long-term Care: The Ticking Time Bomb,” by Deloitte Touche, the management consulting firm. “The convergence of an aging population, growing fiscal pressures and health care reform’s mandate for increased access to care will have far-reaching consequences for state-administered Medicaid long-term care (LTC) programs,” the study said.
“Left unattended, states’ obligation to their Medicaid LTC enrollees has the potential to debilitate government effectiveness. In addition, the 2010 Patient Protection and Affordable Care Act (ACA) provides little near-term relief: States must innovate with a sense of urgency to address this priority issue.”