(a) The Panel shall assist the Secretary and the Council in the identification of priorities and emerging issues with respect to Alzheimers disease and related dementias and the care of individuals with such disease and dementias. The Panel shall advise the Secretary and the Council with respect to the identification of
(1) emerging issues in, and promising areas of, biomedical research relating to Alzheimers disease and related dementias;
(2) emerging issues in, and promising areas of, research relating to services for individuals with Alzheimers disease and related dementias and their families;
(3) emerging issues and promising initiatives in home and community based services, and systems of such services, for individuals with Alzheimers disease and related dementias and their families; and
(4) emerging issues in, and innovative financing mechanisms for, payment for health care services and social services for individuals with Alzheimers disease and related dementias and their families, particularly financing mechanisms in the private sector.