Washington Metro Objectivism Discussion (WMOD)

                   October 14, 1999   

              "The Long Term Care Crisis"

                  by Stephen A. Moses 


     As the Baby Boom generation retires early and lives longer, 
their long term care (LTC) needs could bankrupt the country.  
Longtime Objectivist Center associate, Stephen Moses, is an expert
on LTC and he will comment on three aspects of this problem that
could rival the coming insolvency of Medicare and Social Security:

    "The Fallacy of Impoverishment: Medicaid Estate Planning vs. Long-Term
Care Insurance" -  This is the story of how Medicaid estate planners 
artificially impoverish infirm elders to qualify them for Medicaid 
(welfare) benefits and how this practice undermines the market for private 
long-term care insurance. A blood boiler with examples aplenty.

   "LTC Choice: A Simple, Cost-Free Solution to the Long-Term Care Financing 
Puzzle" - How did America's long-term care system become plagued by 
deficiencies of access, quality, reimbursement, discrimination and 
institutional bias? What is the solution?

   "The Magic Bullet: How to Achieve Universal Access to High Quality 
Long-Term Care" - How can public programs adapt to solve the long-term care 
financing crisis? The Center for Long-Term Care Financing found the answer 
in our "Magic Bullet" studies of ten major states.

    Stephen A. Moses, the President of the Center for LTC Financing, was 
formerly the Director of Research for LTC, Incorporated, and preceding that,
was a senior analyst for the Health Care Financing Administration and for the
Inspector General of the U.S. Department of Health and Human Services. Mr. Moses is
widely recognized as an expert and innovator in the field of long-term care. He 
publishes extensively and is often cited in national media such as CNN, USA 
Today and Forbes. He has testified before half of America's state 
legislatures and he frequently addresses professional conferences in the 
fields of law, aging and insurance.
               
    The Center for LTC Financing is dedicated to ensuring 
quality long-term care for all Americans by promoting public policy that 
targets scarce public resources to the neediest, while encouraging people 
who are young, healthy and affluent enough, to take responsibility for 
themselves.  Their web site is http://www.centerltc.com.

                When and Where is the WMOD Meeting?

     Please join WMOD on Thursday, October 14.  NOTE that this
is NOT our usual third Wednesday meeting date.  Anyone who is
interested in rational discussion of Ayn Rand's ideas is welcome.
Note that our meeting location is Metro accessible.  You can
either join us for drinks at 6:30 with dinner at 7 PM and/or for
the talk (free) at 8:15 PM at the Hunan Palace in Rosslyn, VA
just across the Key Bridge from Georgetown.  The street address is
1812 North Moore Street.  If you come by Metro, get off at the
Rosslyn Metro Exit and the Hunan Palace is only a few feet away.
Take the street exit on N. Moore Street (across street from Roy
Rogers/Burger King), go out of Metro and take a left, and the
Palace is a few feet down N. Moore Street.  If you drive, there is
a parking garage (Allstate) next door to the Palace that is free after
6:00 PM.  Due to construction you may have to go down the ramp to the
underground level.  There will be a $15 fixed price dinner (including
tax and tip), or you can order from the menu. 
 
Please RSVP to WMOD at (703) 820-7696 before
noon on Thursday 10/14 so that we can tell the restaurant how
many tables to set up and how many to expect for dinner.  For more
information, call the Hunan Palace at (703) 528-8188, or call 
David Saum at (703) 820-7696 (W) or (703) 671-5119 (H).  

               Future Meetings

     WMOD meetings are generally held on the third Wednesday of each
month.  We are always looking for new stimulating meeting topics
related to Objectivism.  Please contact WMOD if you have suggestions
for meeting topics and locations, or if you can volunteer some time to
arrange meetings.

                   Calendar

        The Objectivist Center (formerly IOS) Events
Saturday, October 23, 1999
Marriott Marquis Hotel, New York City
What Should We Worship? Reclaiming Spirituality from Religion
http://www.objectivistcenter.org 

        Cato Institute Events
Wednesday, October 13, 1999 4:00 p.m. at Cato
Stephen Moses: The Coming Crisis in Long-Term Care Financing
A Policy Forum, open to the Public
http://www.cato.org/events/calendar.html

        Free-Market.Net Calendar
http://www.free-market.org/directory/events/

       Future of Freedom Foundation Events
http://www.fff.org/events/events.htm
         
       Institute for Humane Studies
http://www.theIHS.org/
   
(please let WMOD know about other events that we should list) 
                
               WMOD Contact Information

The WMOD newsletter is $10/yr, this email newsletter is free.

Contact:
  Dave Saum
  WMOD
  PO Box 8007
  Falls Church, VA 22041
    Email: DSaum at infiltec.com
    Phone: (703) 820-7696
    Fax: (703) 671-9350
    Web: http://www.infiltec.com/wmod.htm