It is no secret that the elderly population in the United States is growing, with 20% of the population expected to be over 65 by 2030. This means more people are going to need long-term care along with more caregiving positions needing to be filled. President Biden has proposed a plan that would spend $400 billion dollars over the next 8 years to support these caregivers. A little more than 1 in 5 people were found to be acting as caregivers in 2020, many of whom are underpaid, with 1 in 6 living below the poverty level.
President Biden has also proposed increased funding for home and community-based long-term care under his American Jobs Plan. Right now, under Medicaid rules, only nursing home care is authorized. The waitlists for these facilities under Medicaid can take years with few people actually receiving the services who need them. The president has not listed specifics for these plans, leaving that up to Congress.
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