Health care costs continue to rise, even as politicians and bureaucrats in DC argue about the best way to offer care for every American. Because of this rise in health care costs, hospitals, doctors, and even the average citizen are all looking for ways to relieve some of the financial pressure.
Home care has become one of the leading focal points for many of these health care directives. They understand the cost of receiving some level of care at home is far more affordable than spending an extended stay in hospital or even a nursing home. This is one of the driving factors for the growth of the home care industry.
In order to help alleviate some of this financial pressure from the average American, there needs to be adequate services available, but at the moment with the baby boomer generation retiring, more seniors requiring care and support at home as a result, and with reduced Medicaid reimbursement rates for home health care services, it has created another problem: agencies are struggling to maintain adequate staffing.
This will do nothing to help the average American who is already feeling the pain of rising health care costs, even if they fully realize and appreciate the value home care can offer.
As noted by Sophia Nelson in the opinion piece, I had a good job and insurance – but high health care costs still drove me to bankruptcy, published by USA Today:
“Despite running my own business and doing well, my medical emergency devastated me financially. Unable to work as hard as I was used to, and having gone through my savings and 401(k) from my days working in law, I could not pay my mortgage, the debt piled up and I filed bankruptcy. I had to start over in my mid-40s. It took me five years just to recover, get another home and rebuild a normal life, but with my health care costs I will always be looking over my shoulder with worry.”
Home care may be deemed a vital answer to provide relief for millions of people in a sea of rising health care costs, but there will be a tipping point when these services are simply no longer a viable option for some. While politicians and bureaucrats continue to kick the can down the road in DC and in state legislatures, technology and other innovators within the home care sector continue to seek solutions to make home care affordable now and a decade or more down the road.