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Taking stock
of senior issues
As we survey the
first half of 2002 a certain similarity appears
between actions on our senior agenda and the stock
market. We contemplate the challenges ahead for
both. We note the crisis of confidence in each case.
Events we have read and heard about have challenged
great numbers of Minnesota citizens. Old terms such
as trust company or security do not have the solid
ring they previously had. Pundits say you can’t
legislate integrity.
As my favorite chef
once said, cooking the books doesn’t make for
tasty memories. With these thoughts behind us,
let’s take a closer look at our portfolios.
Due to the state
budget problems some senior programs were negatively
affected. No Enrons were in our holdings, but our
first half totals were down. We did have several
winners in our 2002 favorite program selections. The
Senior LinkAge Line® is evolving and will focus
more on information and assistance. The MBA Web site
provides helpful information on a wide variety of
programs and services. It also is a resource for
several MBA publications.
The State Health
Insurance Assistance Program (SHIP) continues to
garner accolades for its performance by assisting
consumers to manage their bottom lines by helping
them figure out the constantly changing landscape of
prescription drug savings options and Medicare.
Long-term care reform is well under way.
The development of
the "Resource House" Database (see front
page story) will prove to be a valuable investment.
We continue to hold major promising affordable
senior drug positions. These investments have not
yet moved to bring our total package to needed
performance levels.
In the second half
of 2002, we think we can all generate confidence in
our efforts that will produce a positive environment
in which we can legislate integrity and claim a
lifetime achievement award for all seniors. A strong
second half will win the game – it’s a matter of
faith.
–Kenneth Moritz,
chair,
Minnesota Board on
Aging
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