Joined by elder care expert Bob Blancato, Harry explores the historical reluctance of America to closely address long-term care, despite the growing need due to demographic changes. Blancato, with his extensive background in aging policy, discusses various policy suggestions and the importance of political will in making substantial changes. The episode highlights the necessity of a public-private partnership approach, the significant role of caregivers, and potential legislative efforts to address the elder care system's shortcomings. Additionally, the dialogue touches on the significance of personal preparation for long-term care needs, including exploring insurance options and understanding the available care services.
01:05 The Challenges of Long-Term Care Funding03:18 Medicaid's Role and the Shift Towards Home Care04:10 The Troubles with Long-Term Care Insurance05:21 The CLASS Act and Its Implications17:33 Exploring Solutions: Public and Private Partnerships19:01 Advice for Individuals Preparing for Long-Term Care20:51 Engaging with Policymakers and the Community
Risking Old Age in America