What The 2020s Have In Store For Aging Boomers,” by Judith Graham, Kaiser Health News   Quote: “Within 10 years, all of the nation’s 74 million baby boomers will be 65 or older. The most senior among them will be on the cusp of 85. Even sooner, by 2025, the number of seniors (65 million) is expected to surpass that of children age 13 and under (58 million) for the first time, according to Census Bureau projections. … What lies ahead in the 2020s, as society copes with this unprecedented demographic shift? I asked a dozen experts to identify important trends.
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“NAIC Prepares to Collect State-by-State LTCI Rate Data,” by Allison Bell, ThinkAdvisor   Quote: “State insurance regulators are getting ready to collect data that could shape a dispute over how some states handle requests for long-term care insurance (LTCI) rate increase requests. The National Association of Insurance Commissioners (NAIC) says it plans to pay a contractor $110,000 to collect detailed, state-by-state LTCI rate information. The contractor will begin developing the LTCI rate ‘data call,’ or questionnaire, in February, according to a data call project impact statement posted on the NAIC’s website. A link to the LTCI rate data call fiscal impact
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“There are at least 4 different ways of aging, scientists say,” by Erika Edwards, NBC News   Quote: “Anyone who has attended a class reunion has seen firsthand that people age in different ways. Some former classmates appear to have aged a century within just a few decades, while others look just as they did fresh from 11th grade English class. Now, a study published Monday in Nature Medicine takes a deeper look at what’s going on at a molecular level, offering a possible explanation for why we age differently, and raising the tantalizing possibility that we could one day have an impact
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“40% of Older Americans Rely Solely on Social Security for Retirement Income,” by National Institute on Retirement Security, Advisor Magazine   Quote: “Only a small percentage of older Americans, seven percent, receive income from Social Security, a defined benefit pension, and a defined contribution account. Retirement income from these three sources is widely considered to be the ideal situation to ensure retirement security, particularly for the middle class. Retirees with these three sources of income are far less likely to face poverty and economic hardship. A new report also finds that a large portion (40 percent) of older Americans rely only
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“Growing gap between what insurers and Medicare spend on hospital stays,” by Jack Craver, BenefitsPRO     Quote: “A new analysis takes a look at the difference between what private health plans and Medicare pay for hospital stays. The analysis, published by Thomas M. Selden in Health Affairs, examines the cost of hospital stays from 2000 to 2016. Between 2000 and 2012, the cost of inpatient hospital stays rose much faster for privately insured patients than Medicare enrollees. At the beginning of the millennium, private plans were only paying 10 percent more than Medicare, but that gap grew to 75 percent by
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“The Longevity Economy® Outlook: How people age 50 and older are fueling economic growth, stimulating jobs, and creating opportunities for all,” AARP     Quote: “The contributions of people age 50 and older benefit the economy, which is good for everyone.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Rosy scenario nonsense. This report from AARP focuses entirely on alleged contributions to the economy by people over age 50. It suggests longevity is an economic boon. The words Social Security, Medicaid, Medicare, unfunded liability and bankrupt do not appear in the text. Denial still isn’t a
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“Anticholinergic Drug Exposure and the Risk of Dementia,” by Carol A. C. Coupland, PhD1; Trevor Hill, MSc; Tom Dening, MD; et al., Journal of the American Medical Association     Quote: “The present study adds further evidence of potential risks associated with strong anticholinergic drugs, particularly those that are antidepressants, bladder antimuscarinic drugs, antiparkinson drugs, and epilepsy drugs. Adverse effects should be considered alongside benefits when these drugs are prescribed, and alternative treatments should be considered where possible, such as other types of antidepressant or nonpharmacological treatments for depression, alternative antiparkinsonian drugs, and bladder training or mirabegron for overactive bladders. We found
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“Health Savings Account Balances Show Continued Growth,” Advisor Magazine     Quote: “Excerpts from new research by the Employee benefit Research Institute’s (EBRI) Paul Fronstin & Jake Spiegel reveal that as individuals become more familiar with HSAs, they are more likely to take advantage of the benefits. Reprinted with permission. Read the full report here. According to a new EBRI report, average health savings account (HSA) balances increased from $1,990 in 2011 to $2,803 in 2018. ‘Trends in Health Savings Account Balances, Contributions, Distributions, and Investments, 2011‒2018: Estimates From the EBRI HSA Database’ is a longitudinal study from EBRI’s HSA database, examining trends
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“US cancer death rate sees largest-ever single-year drop, report says,” by Jacqueline Howard, CNN     Quote: “The rate of people dying from cancer in the United States continued to decline for the 26th year in a row, according to a new American Cancer Society report. From 2016 to 2017, the United States saw its largest-ever single-year drop in overall cancer deaths, a 2.2% plunge spurred in part by a sharp decline in lung cancer deaths, according to the report, published Wednesday in CA: A Cancer Journal for Clinicians.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
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“Bundles cut spending on joint replacements, but not for other conditions,” by Harris Mayer, Modern Healthcare     Quote: “Medicare’s voluntary bundled-payment program for hip and knee replacements reduced spending by 1.6% from 2013 to 2016 — less than previously estimated — with no overall change in quality, according to a new study in Health Affairs. Another new Health Affairs study reported that lower extremity joint replacement is the only type of clinical episode in Medicare bundled-payment programs that has produced savings so far. The meta-analysis found no evidence of reduced spending or quality improvement for other clinical episodes.” LTC Comment (from
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