The Cash Crunch: The Financial Challenge of Long-Term Care for the Baby Boomer Generation
March 9, 1998
The Committee plans to raise awareness of the risk to retirement income posed by the need for long term care services and to review public and private initiatives that might make long-term care more available and affordable for older Americans. Of particular interest is the examination of how retirement of the baby boomer generation will impact the demand for long-term care, the ability of public budgets to provide those services and the projected retirement income of baby boomers.
Date: March 9, 1998
Time: 1:00 p.m.
Dirksen 562
Statements of Committee Members
Witness Testimony Panel 1: Present Challenges
- Donna K. Harvey, Executive Director, Hawkeye Valley Area Agency on Aging, Waterloo, IA
- Lynda Gormus, daughter of parents with long-term care needs, Richmond, VA
- William Scanlon, Ph.D., Director, Health Financing Issues, General Accounting Office, Washington, DC
- Mathew Greenwald, Ph.D., Mathew Greenwald and Associates, Washington, DC
Witness Testimony Panel 2: Private Financing
- Samuel Morgante, VP, Product Development and Government Relations, GE Capitol Assurance Company; Chair, Health Insurance Association of America Long-term Care Committee, San Rafael, CA
- Janemarie Mulvey, Ph,D, Director, Economic Research and Barbara Stucki, Ph,D., Senior Research Analyst, American Council of Life Insurance, Washington, DC (writeen statement not available)
- Joshua M. Wiener , Ph,D., Principal Research Associate, The Urban Institute, Washington, DC
Witness Testimony Panel 3: Innovations in the Delivery System
- Roger Auerbach, Administrator, Senior and Disabled Services Division, Oregon Department of Human Resources, Salem, OR
- Dr. Alan Lazaroff, Director of Geriatrics, Centura Senior Life Center, Denver, CO
- Mark J. Schulte, President & CEO, Brookdale Living Communities, Inc., Chicago, IL
Hearing Publications
- Committee on Aging Print: 105-17