As we face the nation’s age wave, there’s a big disconnect between fact and reality for the country’s 78 million baby boomers when it comes to who they think is going to pay for their long-term care. What an innovation opportunity for policymakers. Without innovation, government-funded long-term care is going to eat up billions of dollars of state and federal budgets. In fact, here in Minnesota alone, long-term care could cost the state $20 billion by 2050. (If you get a chance, read the Minnesota Department of Human Services Transform 2010 report/blueprint here.)Of the 34% of Baby Boomers in our Minnesota Age Wave Study who said that they would pay for long-term care with government funding, 29% said that Medicare would pay for it. It won’t.In a new survey by StrategyOne for America’s Health Insurance Plans 54% of the country’s boomers said they will think Medicare will pay for long-term care. The survey found that 30 percent of baby boomers think they have long-term care coverage, but the National Association of Insurance Commissioners says only some 5.2 million U.S. adults have long-term care insurance — even if all those covered were boomers, which they are not, that would only account for 6.6 percent of the U.S. boomer population.Do you think the percentage of people who know the difference between Medicare and Medicaid was much better?