December 7th, 2013
By: Expert Click
Los Angeles; December 7, 2013 – Virginia, like many states, is faced with a serious problem as an aging population will be impacted by the need for long term care services. A new report highlights some of the critical issues facing Virginia residents and taxpayers.
“The population of seniors age 85 and older is projected to more than quadruple between now and 2050,” explains Jesse Slome, executive director of the American Association for Long Term Care Insurance, a national trade group based in Los Angeles, CA. “Financing long term care in Virginia will become a huge problem and kicking the can down the road is fraught with enormous risk.”