Political Quotes

“I applaud the gentleman from Arizona (Mr. Hayworth) for his attention to the issue of long-term care. There is no doubt we need to do something about this issue. Currently, some 5.2 million Americans over the age of 65 and 4.6 million Americans under the age of 65 need assistance with daily activities. The increased life expectancy of the baby boomer generation will increase this need for long-term care. A man aged 65 today can expect to live another 15 years, and a woman aged 65 can expect to live another 19 years. But the cost of long-term care insurance can be prohibitive. The cost of long-term care insurance varies dramatically, according to the age of the consumer. On average, a basic plan premium can cost a 50-year-old $385 annually; $1,007 annually for a 65-year old; $4,100 for a 79-year old, if they can find the coverage. We had sought in a bipartisan way to expand upon this with H.R. 831, creating an above-the-line deduction for long-term care.”