Medicare - McKnight's Senior Living

Medicare

Business briefs for Monday, April 13

CMS proposes 2.3% Medicare increase for 2021 … Welltower and HCR ManorCare founder Fritz Wolfe dies … NIC MAP: Senior living occupancy falls slightly in first quarter … BMO Harris provides $12.3M to refine two Pennsylvania seniors housing properties

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.

President Donald Trump

Provider groups concerned by HHS, HUD cuts in Trump’s $4.8 trillion budget

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.

businessman with hands above crystal ball

Senior living braces for changes in 2020 as top challenges remain

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.

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