Public-Private Collaboration Is Key to Securing Long-Term Care Financing for Middle-Income Americans

WASHINGTON–(BUSINESS WIRE)–The Milken Institute today released a new report highlighting innovative public and private sector solutions that can expand long-term care access and delivery for middle-income Americans. Published in collaboration with Genworth, “New Approaches to Long-Term Care Access for Middle-Income Households” examines financing, technology, and care challenges of the current system and offers recommendations to overcome these barriers.

Recent studies have found that more than half of middle-income seniors will not be able to afford the care they need. Meanwhile, though the pandemic laid bare the stark vulnerabilities of the long-term care system, it also ushered in a greater use of technology with…