Year-over-year costs for assisted living rose just 0.8% from 2015 to 2016, according to Genworth’s latest Cost of Care Study, but the picture doesn’t look as rosy when one takes the long view.
Liability claims lead to higher premiums, reduced coverage for senior living providers
By
Kimberly Bonvissuto
Nov 24, 2021
Insurance premiums are rising and coverage is tightening, leaving senior living providers facing significant increases in loss costs, according to a new claims benchmarking study from Willis Towers Watson.
Geriatric workforce issues focus of two bills passed by the House
By
Lois A. Bowers
Oct 29, 2019
Bills that would reauthorize the Older Americans Act and improve improve education and training in geriatrics passed in the House of Representatives on Monday. They now move to the Senate for consideration.
Pennsylvania budget delivers ‘lifeline’ of $46.7 million to assisted living providers
By
Kimberly Bonvissuto
Jul 12, 2022
Pennsylvania is delivering an “immediate lifeline” to assisted living and other long-term care providers with a $515 million “historical commitment” to the sectors, according to industry advocates....
Ventas shares plan to counter ‘policy whiplash’
By
Lois A. Bowers
Apr 30, 2017
“A little bit of policy whiplash” at the federal level is affecting the business world, Ventas Chairwoman and CEO Debra Cafaro told analysts and others participating in a first-quarter earnings...
Pressures mount for staffing agencies accused of price gouging long-term care operators
By
Kimberly Bonvissuto
Jan 31, 2022
While senior living and other long-term care leaders are being joined by other healthcare groups, and even members of Congress, to call for federal action against price-gouging by temporary staffing agencies,...
Affordable seniors housing owners, residents benefit from legislation
By
Lois A. Bowers
Jul 19, 2016
A bill that would benefit owners and residents of affordable seniors housing is headed toward President Barack Obama’s desk, and two more are being considered in the Senate.
California operator braces for planned $15 minimum wage
By
Lois A. Bowers
Mar 29, 2016
One of California’s largest senior living operators is planning changes in the wake of Gov. Jerry Brown’s March 28 announcement of a deal that will make the Golden State the first to commit...
New HHS Secretary Becerra considered ‘friend of long-term care causes’
By
Kimberly Bonvissuto
Lois A. Bowers
Mar 19, 2021
Thursday’s news of California Attorney General Xavier Becerra’s confirmation as secretary of the U.S. Department of Health and Human Services was met with enthusiasm and pleas for pandemic-related...
Senior living association recommends overtime changes to Labor Department
By
Lois A. Bowers
Oct 02, 2017
The Labor Department should base increases in the minimum salary threshold used to determine overtime pay on the 20th percentile for salaried employees in the lowest paid geographic region of the country,...