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Status of Long-Term Care Financing Products in Minnesota

Connor, Liz
Jones, Allison
Keaveny, Jackie
2012-05-25
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https://hdl.handle.net/11299/123918
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Status of Long-Term Care Financing Products in Minnesota

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2012-05-25

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Hubert H. Humphrey School of Public Affairs

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Minnesota expenditures for long-term care (LTC) services through the Medical Assistance (MA) program are unsustainable. In 2010, Minnesota spent approximately $1.281 billion annually on LTC through MA.1 The influx of baby-boomers needing LTC in the near future will only add to this growing budget. As part of a response to this problem, Minnesota is undertaking a public awareness campaign called Own Your Future (OYF). This report provides an update to the Minnesota Department of Human Services’ 2005 report to the Legislature, “Financing Long-Term Care for Minnesota’s Baby Boomers.” It also offers a springboard for discussion, analysis, and decision-making within the OYF leadership team as the team seeks to address the problem of financing LTC.

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Connor, Liz; Jones, Allison; Keaveny, Jackie. (2012). Status of Long-Term Care Financing Products in Minnesota. Retrieved from the University Digital Conservancy, https://hdl.handle.net/11299/123918.

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