The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: Big Problems wth LongTermCare Insurance||Date: 7/13/2013 10:50 AM|
|Author: tjscott0||Number: 72602 of 78166|
Thought this CBO might be of interest on this subject.
Rising Demand for Long-Term Services and Supports for Elderly People
First, I direct to page 8-exhibit 2[% of adult population that is elderly]
Then page 19-exhibit 11[current rate of institutionalization-2010]
age 65 to 74: 1.3%
age 75 to 84: 3.5%
age 85 & up: 13%
And finally page 25-exhibit 16[medicare/medicaid spending for long term care]
Not surprising the spending doubles over the next decade due to the size of the boomer generation.