“Helping prospects navigate long-term care system an ‘enormous opportunity’ for senior living: report,” by Kimberly Bonvissuto, McKnight’s Senior Living Quote: “The creation of central doorways to existing long-term care services — including senior living, nursing home care, home-based care, transportation and meal services — is critical to supporting older adults and their families during decision-making and an “enormous opportunity” for senior living providers. That’s according to a report published Thursday by Nexus Insights titled ‘Where Am I, Where Do I Go: The Missing Entry Point to Long-Term Care Solutions for Older Adults and Their Caregivers.’”   LTC Comment, Stephen A. Moses, President,
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“‘Red-hot inflation’ drives senior living asking rates to record high,” by Kathleen Steele Galvin, McKnight’s Senior Living Quote: “Senior living asking rates were driven to record highs in June compared with the previous year, as the Federal Reserve raised interest rates in response to ‘red-hot inflation,’ according to Omar Zahraoui, senior data analyst at the National Investment Centers for Senior Housing & Care. Asking rates rose across independent living, assisted living and memory care communities, he wrote in the September NIC Insider newsletter, ‘despite the market’s still relatively low occupancy levels in general.’ Independent living had the largest year-over-year increase at
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“Envisioning new financing models to mitigate the crisis in long-term care,” by MIT CoLab, MIT News Quote: “Current Mel King Fellows are focused on a broad and deep new vision for LTSS financing. The fellows have envisioned what’s possible on multiple levels by focusing on how to build worker-owned co-ops that support quality of care and quality jobs and are exploring how to build new LTSS financing programs that create a more equitable system that supports community wealth-building and addresses the care crisis in the sector.”   LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: Replace a
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“Almost half of eligible Medicare beneficiaries use Medicare Advantage, analysis shows,” by Willa Hart, BenefitsPRO Quote: “A new analysis from the Kaiser Family Foundation shows that increasing numbers of Medicare beneficiaries are enrolled in Medicare Advantage plans. In fact, 48% of all eligible enrollees use Medicare Advantage, and that number is expected to rise to over 50% next year. Some 28.4 million people are currently insured by Medicare Advantage, an alternate option to original Medicare which has steadily grown in popularity since 2007, when only 19% of eligible Medicare beneficiaries were in Advantage plans.”   LTC Comment, Stephen A. Moses, President, Center for Long-Term
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“‘Death spiral’ for SNFs as Medicare Advantage pay decreases,” by Kim Marselas, McKnight’s LTC News Quote: “Pressure to accept low-ball contracts with Medicare Advantage plans that continue to reduce reimbursement is driving some skilled nursing providers into ‘a death spiral,’ a major aging services association told federal regulators last week. … In its formal comments, LeadingAge highlighted providers’ financial pain as the plans edge toward dominance.”   LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: The inevitable outcome of Medicaid Managed Long-Term Services and Supports (MMLTSS) is running its course as staff shortages, increased CMS regulation and
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