Coronavirus / COVID-19 - McKnight's Senior Living

Coronavirus / COVID-19

Potential coronavirus leads to quarantine, no-visitor policies at Nebraska senior living communities

Two Nebraska senior living communities are under quarantine, and two others are not allowing visitors “out of an abundance of caution” after the communities’ operator learned that an employee of one of the communities attended a Feb. 29 event at a local YMCA where another attendee became the first confirmed case of coronavirus 2019 disease (COVID-19) in the Cornhusker State.

Fed frees funds to offset coronavirus concerns

The Federal Reserve took a page from its 2008 crisis-era playbook in an attempt to stem investor panic over the spread of the coronavirus, according to Wall Street Journal reports. The Federal Reserve Bank of New York on Monday announced that it would ramp up the amount of short-term loans it offers banks, in an effort to keep cash flowing smoothly through the financial system.

Medicare, many third-party insurers to cover coronavirus testing

Medicare and several leading insurers have committed to helping mitigate the costs associated with testing for and treating the novel coronavirus that has been spreading nationwide. In addition, officials in California, New York, Maryland, Vermont and Washington state have ordered insurance companies not to charge residents who get tested for the novel coronavirus COVID-19, which had infected more than 113,000 people and killed more than 4,000 worldwide as of Monday morning.

Don’t forget older adults outside of nursing homes, coronavirus policymakers told

LeadingAge on Wednesday urged federal policymakers “to address the needs of older adults living in other congregate and community-based settings” in addition to the needs of nursing home residents when making plans to fight the coronavirus known as COVID-19. The statement came as the U.S. death toll from the virus rose to 11 and Congress agreed to a $7.8 billion funding package to fight COVID-19.

Federal Reserve building close-up

Fed cuts interest rate in light of coronavirus slowdown

As the coronavirus continues to spread throughout the country, the Federal Reserve made an emergency interest rate cut Tuesday, slashing the nation’s benchmark borrowing rate by half a percentage point. The central bank has not made an emergency move like this since late 2008, following the Lehman Brothers bank collapse.

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