A.M. Best Reaffirmed Mutual of Omaha’s A+ (Superior) Rating A.M. Best performed their annual rating committee review on Mutual of Omaha and affirmed our financial strength rating of A+ (Superior) with a stable ratings outlook. The ratings reflect our balance sheet strength, which A.M. Best categorizes as very strong, as well as our strong operating performance, favorable business profile and appropriate enterprise risk management. Click here for Mutual of Omaha’s announcement. Read Full Good News Article #Omaha #goldencareagent
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“Amazon, Buffett’s Berkshire And JPMorgan To Launch Healthcare Company”
“Amazon, Buffett’s Berkshire And JPMorgan To Launch Healthcare Company,” by Bruce Japsen, Forbes “Online retailer Amazon, Warren Buffett’s Berkshire Hathaway and JPMorgan Chase & Co. said Tuesday they will form an ‘independent company’ to improve healthcare for their hundreds of thousands of U.S. employees and lower costs. They said the initial focus will be on ‘technology solutions’ that will provide U.S. employees and their families with ‘simplified, high-quality and transparent healthcare at a reasonable cost.’ The statement didn’t disclose many details about the venture, saying it was in the ‘early planning stages,’ with executives acknowledging healthcare’s many complexities. The three giants did
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“CCRCs Gain Luster as Standalone SNFs Fade”
“CCRCs Gain Luster as Standalone SNFs Fade,” by Jack Silverstein, Senior Housing News “While skilled nursing is perhaps more needed than ever, the service offering is evolving toward greater integration along the care continuum due to increased resident frailty and longer resident lifespans, according to experts who spoke with Senior Housing News. The changes are felt in two key ways. * Increased need for hospital-grade health care resources and services on site, as well as more cohesive partnerships with hospitals * Increased need for continuing care retirement communities (CCRC), which create a seamless transitional experience as residents move through the
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“What Will Senior Housing Look Like in 2028?”
“What Will Senior Housing Look Like in 2028?,” by Deb Hipp, Next Avenue “‘Significant changes are coming as we move out of the World War II generation to the baby boomer generation,’ says Steve Maag, director, residential communities, at LeadingAge, a national association dedicated to advocacy, education and research on aging. That’s because boomers have higher expectations as consumers and a history of having those expectations met, Maag says. … With that in mind, what will senior housing look like in 10 years? A Place for Mom checked with experts on aging, senior living communities and technology to find out.
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“What’s Bad for GE Will Be Worse for America”
“What’s Bad for GE Will Be Worse for America,” by Timothy L. O’Brien, Bloomberg “General Electric’s multi-billion-dollar loss in a unit that sold long-term-care insurance is a blow from which the iconic company is still reeling. But it’s also a harbinger of a much greater challenge for society at large: paying to care for the growing number of Americans who can’t look after themselves. … [T]he debacle illustrates a troubling truth: Private insurance can’t handle this problem by itself. … Medicare covers only a short period of care after a person has been hospitalized. That leaves Medicaid, the state-administered program
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“More Than One-Third of People with Traditional Medicare Spent at Least 20 Percent of Their Total Income on Health Care in 2013”
“More Than One-Third of People with Traditional Medicare Spent at Least 20 Percent of Their Total Income on Health Care in 2013,” Kaiser Family Foundation “Health care costs are a substantial and growing burden for many people on Medicare and are projected to consume a larger share of total income over time, according to a new analysis from the Kaiser Family Foundation. The study, Medicare Beneficiaries’ Out-of-Pocket Health Care Spending as a Share of Income Now and Projections for the Future, finds that more than one-third of people with traditional Medicare spent at least 20 percent of their total income
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“Assisted living communities top nursing homes for caregiver pay”
“Assisted living communities top nursing homes for caregiver pay,” by Lois A. Bowers, McKnight’s Senior Living “Assisted living communities pay staff nurses (RNs), licensed practical nurses and certified nurse aides more than do nursing homes, on average, according to the 20th annual “Assisted Living Salary & Benefits Report,” published by the Hospital & Healthcare Compensation Service. . . . According to the report: RNs make $29.39 per hour at assisted living communities, $28.90 at CCRCs and $27.84 at nursing homes. LPN hourly wages are $23.13 at assisted living communities, $22.49 at CCRCs and $21.56 at nursing homes. CNAs make $13.13
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“Out-of-pocket health-care costs likely to take half of Social Security income by 2030, analysis shows”
“Out-of-pocket health-care costs likely to take half of Social Security income by 2030, analysis shows,” by Michelle Singletary, The Washington Post “A new analysis by the Kaiser Family Foundation has found out-of-pocket health-care costs for Medicare beneficiaries are likely to take up half of their average Social Security income by 2030. As many seniors already know, Medicare does not cover an increasing number of expenses related to health care. Among these are supplemental insurance premiums, deductibles, long-term care and dental services. Many Medicare recipients need to prepare for a big chunk of their income to be consumed by these out-of-pocket
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“This is the reality of being in a nursing home”
“This is the reality of being in a nursing home,” by Patricia Corrigan, MarketWatch “Nursing assistants are on the front lines at rehabilitation centers and nursing homes, delivering much of the patient care. At the same time, every major news outlet is sounding the alarm about the nationwide shortage of caregivers, paid and unpaid, and what that means for us aging boomers. “A ‘train wreck waiting to happen’ In August, a Next Avenue article quoted Paul Osterman, author of ‘Who Will Care for Us?: Long-Term Care and the Long-Term Workforce,’ predicting that the number of adults 65 and older requiring long-term care ‘could rise by
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“How the Age Wave Will Transform Health, Longevity and Medicine”
“How the Age Wave Will Transform Health, Longevity and Medicine: Ken Dychtwald’s Keynote at the Exponential Medicine Conference Watch Video “At the recent Singularity University Exponential Medicine Summit, leading innovators, clinicians, and investors came together to explore the cutting edge of technology and medicine. In his keynote speech, Ken Dychtwald dramatically explained how the longevity revolution is forcing us to re-imagine the next frontier of health and science. By approaching global aging with a forward-facing eye, Dr. Dychtwald challenges the attendees with the ‘moonshots’ needed to match our healthspans to our growing lifespans. He also forecasts the breakthrough businesses poised to see explosive
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