Our country must find a way to help families provide and pay for the care they need.
TheAARP Public Policy Institute released an update to its annual study on the costs that families incur in caregiving. “Valuing the Invaluable: The Growing Contributions and Costs of Family Caregiving, 2011 Update” points up that American families provide $450 billion worth of care to their adult parents and other loved ones in 2009. It’s a daunting number, and one that will increase as the baby boom generation ages.
We referenced previous versions of this study frequently when we were advocating for passage of the CLASS Act. It puts a number and a face on the problem of caregiving in America. his update reinforces why implementation of the CLASS Program is so crucial. We are looking forward to the fall when expected regulations to begin framing this program are supposed to be issued.
The advance CLASS statement on the study says it all:
The CLASS Program, a new long term services and supports option in the Affordable Care Act (ACA), will provide essential financial relief to families in crisis.