Costs for linked-benefit long-term care insurance policies drop up to 15 percent from last year
By
Kathleen Steele Gaivin
Mar 15, 2023
Costs for linked-benefit long-term care insurance policies — policies linked with another type of policy, such as life insurance — generally are between 10% and 15% lower in 2023 than they were a year...
As use of technology rises, reliance on agency staff declines: survey
By
Kathleen Steele Gaivin
Mar 13, 2023
Almost 9 in 10 (86%) senior living and care organizations are using technology to improve efficiencies in human resources, according to the latest Executive Survey Insights report released Friday by the...
Biden’s $6.8 trillion budget aims to bolster programs for older adults
By
Kathleen Steele Gaivin
Mar 10, 2023
President Biden’s proposed $6.8 trillion budget for 2024, if passed as written, would extend the solvency of the Medicare Trust Fund by at least 25 years “without cutting any benefits or raising costs...
Family caregivers’ unpaid work valued at $600 billion: report
By
Kathleen Steele Gaivin
Mar 09, 2023
An estimated 38 million family members provided approximately $600 billion in unpaid caregiving in 2021. That’s according to a recent report from the AARP.
Lawmakers’ efforts aim to extend solvency of Social Security
By
Kathleen Steele Gaivin
Mar 07, 2023
A bill aimed at extending the solvency of the Social Security program has been proposed by Sens. Bernie Sanders (I-VT) and Elizabeth Warren (D-MA) as well as Reps. Jan Schakowsky (D-IL) and Val Hoyle (D-OR)....
Bill giving veterans more long-term care options passes Senate committee
By
Kathleen Steele Gaivin
Mar 06, 2023
The Senate Veterans’ Affairs Committee approved this week the Elizabeth Dole Home Care Act, which is meant to expand options for veterans in need of long-term care. The bill, if ultimately signed into...
ProMedica sells home health, hospice business to Gentiva for $710 million
By
Kathleen Steele Gaivin
Mar 03, 2023
Toledo, OH-based ProMedica entered a definitive agreement this week to sell the company’s Heartland brand home health and hospice care business to Atlanta-based Gentiva for $710 million.
Healthcare, public health targeted most in ransomware attacks: FBI
By
Kathleen Steele Gaivin
Mar 02, 2023
Healthcare and public health agencies were the most-attacked sectors for ransomware last year, according to the Federal Bureau of Investigation. Critical manufacturing and the government followed for being...
HUD updates guidance on services, supports for Section 202 housing
By
Kathleen Steele Gaivin
Feb 28, 2023
The Department of Housing and Urban Development updated guidance this month aimed at enhancing the use of supportive programs for seniors living in Section 202 housing.
Business briefs, Feb 28
By
Kathleen Steele Gaivin
Feb 28, 2023
Long-term care CEO compensation averages $555,340: report … Governor launches task force to address the quality of nursing homes in the state … Regional Health Properties regains compliance with NYSE...