Remarks by the President at Signing of HR 4040, The Long-Term Care Security Act (9/19/00)
                              THE WHITE HOUSE

                       Office of the Press Secretary
For Immediate Release              September 19, 2000

                         REMARKS BY THE PRESIDENT
                          AT SIGNING OF HR 4040,
                           THE LONG-TERM CARE SECURITY ACT

                             Presidential Hall
                        Dwight D. Eisenhower Building

11:00 A.M. EDT

          THE PRESIDENT:  I should say Joan is, first of all, an amazing
person.  And her husband and her three children are here.  Their son and
daughter thanked me for getting them out of school today.  (Laughter.)  I
just want the members of Congress to know there are extended social
benefits to these sort of -- (laughter.)

          I want to thank Senators Cleland, Mikulski and Sarbanes for being
here, and Representatives Scarborough, Allen, Davis, Morella, Holmes
Norton, Cardin, Moran, and Cummings for coming.  All of these
representatives in Congress -- I think that's 11 -- and many more are truly
responsible for this happy day, and they worked in a genuine bipartisan
spirit to produce this legislation.

          I want to thank Janice LaChance and the others at the Office of
Personnel Management who worked so hard on it, and the National Association
of Retired Federal Employees, the Retired Officers Association, the
Treasury Employees Union, and others.

          I'm very honored to be signing this legislation today, so near
the end of my service, because the first bill I signed as President was the
Family and Medical Leave law.  (Applause.)  And since then, some -- more
than 25 million of our fellow citizens have taken time off from work to
care for a child or an ill loved one without losing their job.  It's made a
difference in America.  Everywhere I go, somebody comes up and mentions it
to me even today.

          We come in the same spirit to sign the Long-Term Care Security
Act, and over time, this legislation will help more and more families to
meet the challenge of caring for our parents and grandparents, and others
in our families that need long-term care.

          Part of the long-term care problem is what I affectionately call
a high-class problem -- we're living longer.  In 1900, the average American
couldn't expect to live beyond 50.  Today the average American's life
expectancy is 77.  Americans who live to be 65 have the highest life
expectancy in the world; they can expect to live to be almost 83.  Amazing
as it sounds, there are currently more than 65,000 living Americans who are
at least 100 years old.  That's enough to fill the Houston Astrodome and
put two teams on the field.  (Laughter.)  And if we do it right, before you
know it, some of those hundred-year-olds will be fit enough to play.

          Now, these numbers are only going to keep rising as the baby
boomers age.  By 2030, one out of every five Americans will be 65 or older,
and there will be 9 million people over 85.  I hope to be one of them.

          We all know there are many joys to aging, but, unfortunately,
there are also the challenges to our good health, our independence and
sometimes a lifetime of savings.  The cost of nursing home care now tops
$50,000 a year, an extraordinary sum few families can afford.  Even home
care is expensive, as you have just heard -- in terms of direct costs, low
income, and enormous challenges to family time and parent time.

          The legislation I'm about to sign, the Long-Term Care Security
Act, will help families plan ahead.  It will enable current and former
federal employees, military personnel and all their families to choose from
a menu of quality, long-term care insurance options, and purchase their
choice at reduced group rates.  That means as many as 13 million people
will now be able to plan for the future without fear of financial ruin
should such care become necessary.

          The legislation also will spur more American companies to offer
employees the option of affordable high-quality long-term care insurance.
I believe that.  I believe this will lead into the creation of a market
that will benefit people far beyond the reach of the employees and former
employees that are covered.

          The insurance industry has called this legislation a model for
private sector employers, and we thank them for their support, as well.  We
are also pleased that this groundbreaking legislation has, as it must have
had to pass, enjoyed strong bipartisan backing; further proof that not only
do Democrats and Republicans both get old, but when we put progress before
partisanship we can tackle our toughest challenges.

          Today's signing represents an important step toward meeting the
phenomenal demographic changes that we're facing in a humane and decent
and, I believe, highly intelligent way.  It helps to make sure that the
aging of America will be, on balance, a great blessing, and not an
overwhelming burden to our children and our grandchildren.

          Now, as I said, the Long-Term Care Security Act helps many
families plan for the future, enabling them to buy good insurance.  We
believe it will help a lot of families beyond the reach of the law by
creating markets which private sector employers will also be able to take
advantage of for their employees.  But we know there are millions of people
already chronically ill, who can't buy insurance at any price, and who do
need help right now.  That's why I'm so glad that Joan and her family
joined us here today.

          In homes all across America, 7 million of our fellow citizens are
like the Madarases.  Seven million are caring for loved ones -- primarily
elderly loved ones, sometimes children or other close family members who
have disabilities.  For some, it is a joy, a chance to share memories over
a cup of coffee, a chance to share the rhythm and cycles of life.  But for
others it also includes constant labor, or watching the shroud of
Alzheimer's transform a soul mate into a stranger, as happened to an uncle
and an aunt of mine.  These are burdens that people shoulder every day and,
as you heard, unapologetically, proudly, loyal to their families,
understanding that loving someone for a lifetime means taking the bad along
with the good.

          But the rest of us ought to lighten their load.  And we ought to
recognize that these simple, extraordinary sacrifices, rooted in love and
loyalty, are also an exceptional boon to society.  For whatever their cost
to these families, the cost to society is far less than it would be if they
had to give up and put their loved ones in institutionalized care.

          So if we were to pass our $3,000 tax credit to provide
chronically ill Americans and their families with desperately needed
financial relief, it would be, over the long run, less expensive than
paying the full cost of institutional care for those who have to give up
because the burden becomes too heavy.  This $27 billion initiative
eventually could cover up to 60 percent of the cost the families provide --
incur in providing long-term care.  But as I said, it's only a small
percentage of the cost that would be involved if the families had to give
up providing that care.

          It's the kind of tax cut our families most need.  It will improve
the lives of those who need it the most.  It will make us a better country
because we will fully live up to our professed faith and support for

          After five years of waiting I hope we can also finally
reauthorize the Older Americans Act.  It has helped, for more than 35
years, millions of seniors to lead more independent lives by funding vital,
everyday basics like transportation and Meals on Wheels.  And I hope we
will reauthorize it and strengthen it by funding our caregivers initiative,
as well, to provide families with the information, counseling and support
services they need to sustain their selfless missions.

          Finally, I hope that we will succeed in passing a voluntary
affordable Medicare drug benefit this fall, which also will be a great help
to families.  Many of the people providing long-term care are doing it for
people with extraordinary medicine requirements.  Studies show that seniors
who lack this kind of coverage are twice as likely to be admitted to
nursing homes as those who have it.  So, again, this is not only the humane
and decent thing to do, it's also common sense.  It's good for family ties
and good for economics.

          We have a golden opportunity, as so many of our fellow citizens
move into their golden years, to meet the challenges of the aging of
America.  We have never had a better opportunity to do it, because of our
prosperity and our surplus.  So I hope that we will continue to build on
the spirit embodied in this bill today.

          The Long-Term Care Security Act is worth celebrating.  It is
worth celebrating for what it does, for the indirect benefits it will have
for people who are not covered by it, but whose employers will be able to
get this kind of group insurance, and for what it says about our values and
what we can do in the future.  I hope that we'll take every opportunity to
build on it.

          And now I'd like to ask all the folks on the stage with me to
gather round and I'll sign the bill.  Thank you very much.  (Applause.)

                            END       11:10 A.M. EDT

President and First Lady | Vice President and Mrs. Gore
Record of Progress | The Briefing Room
Gateway to Government | Contacting the White House | White House for Kids
White House History | White House Tours | Help
Privacy Statement


Site Map

Graphic Version

T H E   W H I T E   H O U S E