00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Vice President Kamala Harris has introduced a proposal to have Medicare cover the costs of
00:07at-home care, addressing the growing financial strain on over 38 million unpaid family caregivers.
00:12The number of caregivers in the U.S. has increased by 4 million since 2015,
00:17and families are struggling with out-of-pocket costs, which average over $7,000 annually.
00:23At-home care costs have risen over 8% from last year, far outpacing general inflation.
00:28Harris' plan would be funded by expanding Medicare drug price
00:31negotiations and tackling Medicare fraud.
00:34Meanwhile, former President Donald Trump has promised to lower caregiving costs,
00:38but has not outlined specific legislative proposals.
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