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CT Long Term Study Results
September 26, 2012
CT's Long-Term Care System 'Must Rebalance' toward Providing More Home Care to Save Costs, Study Finds
Connecticut Could Save More than 25% of Long-Term Care Cost Increases with 75% Home, Community-Based Long-Term Care.
A study released in 2010, and still meaningful today, recommends that the state should look to home and community-based care to reduce its long-term care costs dramatically. The study was commissioned by the Connecticut Regional Institute for the 21st Century (CRI) and conducted by Blum Shapiro Consulting.
"Connecticut's long-term care Medicaid payment system, which accounted for 14% of the state's total 2009 expenditures, will cost as much as $5.847 billion by the year 2025," projected Brian Renstrom, a partner with Blum Shapiro. Compared with the $2.498 billion the state spent on Medicaid long-term care for 2009, that would mark an increase of $3.349 billion over the next 15 years, but more utilization of home and community-based care and services could save a hefty $900 million per year by 2025, according to the study.
How could this be achieved? "By rebalancing its long-term care system and achieving its goal of 75% of care being home and community-based over the next 15 years, Connecticut can reduce its projected $5.847 billion in long-term care costs by $900 million per year by the year 2025," Renstrom reinforced.
The key to a successful rebalancing of long-term care is to recognize the importance of both institutional care and home and community-based services in the long-term care continuum, the study finds, and "to continue a system that appropriately provides the right care at the right time." "Finding ways to avoid an ever-increasing spiral of long-term care costs funded by the state is in everyone's best interest," Renstrom contended, also citing a study by the University of Connecticut that determined 80% of the state's residents would prefer to receive long-term care in their homes.
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