As coronavirus disease 2019 (COVID-19) spreads in the U.S. and senior living companies face increasing challenges, the Senate on Tuesday did not vote on a relief bill passed by the House. Senate Majority Leader Mitch McConnell (R-KY), however, promised action this week.
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.
The Department of Health and Human Services would see a 10% funding cut, and the Department of Housing and Urban Development would see a 15% funding cut, under the $4.8 trillion budget proposed Monday by President Donald Trump. Organizations representing senior living operators are reviewing it with an eye toward how the proposed cuts would affect operators and those they serve and a promise to advocate for their members.
Cuts to the Medicare, Medicaid and Social Security programs could be in store if President Donald Trump is re-elected, he said in an interview with CNBC from the World Economic Forum in Davos, Switzerland.
As 2020 begins, the senior living industry is preparing for the changing needs and wants of current and future residents as workforce and occupancy issues continue to challenge operators, according to leaders of several organizations serving providers, who shared their thoughts with McKnight’s Senior Living.
Here’s a look at some of the news that occupied many minds in senior living over the past year.
In theory, beneficiaries in private Medicare Advantage plans and Part D stand-alone prescription drug plans could be switching plans each year. But as a new Kaiser Family Foundation report shows, that is not what is happening.
The hospice sector quickly blasted a 20% Medicare payment cut proposed by a congressional advisory panel.
Spending on continuing care retirement communities and nursing care facility services increased 1.4% in 2018 to $168.5 billion, according to an analysis from the Office of the Actuary at the Centers for Medicare and Medicaid Services published Thursday.
Philip Esformes had an expensive Thursday. That’s because the senior living operator was ordered to pay $44.2 million for his role in a $1.3 billion healthcare fraud scheme.
