LONG TERM CARE AT A GLANCE
Estimated years of LTC needed after turning 65
Source: P. Kemper,H.l. Komisar and L. Alecxih, "Long-Term Care Over an Uncertain Future:What can Retirees Expect?"
Where people get LTC
Source: Judith Feder, Harriet L. Komisar and Robert B. Friedland, "Long-term Care Dinancing:Policy Options for The Future,Georgetown University.
Who pays for LTC?
Source: National Spending for Long term Care; updated fact Sheet 2007, Georgetown University Long-Term Care Financing Project.
Projected growth og LTC costs 2005-2016
2005: $169 billion
2016: $322 billion
Source: National Health expenditure Projections 2005-2016, Centers for Medicare%Medicaid Services, Office of the Actuary
Who provides LTC to frail older recipients?
fall mostly to the daughter or daughter in law, by 36%.
Source: Richard W. Johnson and Joshua M. Weiner, "Aprofile of Frail Older Americans and Their Caregivers".
Growth in elderly population
Age 65-84: 30.4 million (2000), 47.4 million (2020) and 64.6 million (2040)
Age 85 and older: 4.3 million (2000), 7.3 million (2020) and 15.4 million (2040)
Source: U.S. Census Bureau Annual Estimate of the Population by Sex and Five Year Age groups for the United States and U.S. Interim Projections by Age, Sex, Race and Hispanic Origin.
Number of adults projected to recieve LTC
2020: 20.2 million
2040 31.1 million
Source: Meeting the Long-Term Care Needs of the Baby Boomers: How Changing Families Will Affect Paid Helpers and Institutions, Richard W. Johnson, Desmond Toohley and Joshua M. Weiner, The Retirement Project Discussion Paper.