The Biden Administration, as part of its 2024 proposed budget, plans to allocate $150 billion for home- and community-based services over the next 10 years.
That, and a plan to keep Medicare from becoming insolvent in the near-term future, were the most relevant home-based care takeaways, reports Home Health Care News.
Allocating resources to HCBS is a way for the federal government to support older Americans and those with disabilities who wish to receive personal care services in the comfort of their homes, the administration said.
There’s concern that, without intervention, Medicare could be in trouble as soon as 2028. In order to push back its doomsday, Biden plans to up taxes for the nation’s wealthier individuals, specifically those who make over $400,000 per year.
The $6.8 trillion dollar proposed budget also includes $32 million allocated to train nurse faculty and $28 million for innovative approaches to “recruit, support and train” the next generation of health care providers. Read more.
