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Nursing Home

White House announcements do nothing to help non-nursing home settings, LeadingAge says; AARP opposes litigation immunity for providers

The White House’s recommendation that all states test nursing home residents and staff members for the novel coronavirus over the next two weeks, and President Trump’s comment that “we have prevailed” on COVID-19 testing — both made Monday — leaves unanswered the question, “What help does this provide to millions of vulnerable adults cared for in non-nursing home settings?” LeadingAge President and CEO Katie Smith Sloan said. Meanwhile, the AARP on Monday sent a letter to members of the Senate Judiciary Committee asking them to reject proposals to grant immunity from COVID-19-related lawsuits to assisted living, skilled nursing and other long-term care providers.

worker helping man with walker

Motley Fool: Omega’s SNF-focused portfolio may buffer it from pandemic fallout — or will it?

Historically, investors have often viewed independent and assisted living communities — most often paid for out-of-pocket by residents — as safer bets than skilled nursing facilities, which generally are paid for via government programs such as Medicare and Medicaid. So they encouraged operators in their senior housing portfolios to engage in efforts to attract private-pay residents. The COVID-19 pandemic may be turning that assumption on its head, according to an article published Thursday by The Motley Fool. This could be good news SNF-focused real estate investment trust Omega Healthcare Investors.

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