Long-Term Care for the Elderly

Every year Americans spend over 182 billion public and private dollars on services and supports for chronically disabled elders. This is projected to nearly double by 2030 to $341 billion and to grow to $684 billion once the last baby boomers have turned 85. And these estimates don't include the $375 billion in unpaid care family and friends provide-including foregone wages that would have helped support Medicare and Medicaid.