This N&O article takes a closer look at the financial challenges presented by the swelling ranks of senior citizens and the rising costs of long-term care. This issue is a key issue that states need to evaluate as it puts significant pressure on Medicaid costs.
State Medicaid directors know all too well about the enormous challenges they’ll face as 75.4 million boomers – now ages 52 to 70 – grow old.
“The impact is going to be huge,” said Matt Salo, executive director of the National Association of Medicaid Directors. “While the face of Medicaid is pregnant women, kids and low-income working families, that’s not where most of the money is going.”
Nearly two-thirds of all Medicaid spending on services is for seniors and people with disabilities, who together make up only a quarter of those enrolled in Medicaid.