“COVID-19 pandemic encourages consumers to plan for long-term care: survey,” by Kimberly Bonvissuto, McKnight’s Senior Living   Quote: “The COVID-19 pandemic served as a wake-up call to Americans about their mortality, inspiring three out of four adults to make changes for a better future — including saving to pay for future long-term care in the setting of their choice, according to a new Genworth Financial survey. Genworth’s COVID-19 Consumer Sentiment Survey of 1,000 adults aged 18 or more years from across the country looked at the effects of COVID-19 on Americans’ lives and what they think about long-term care and financial security.
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“COVID-19 pandemic encourages consumers to plan for long-term care: survey,” by Kimberly Bonvissuto, McKnight’s Senior Living    Quote: “The COVID-19 pandemic served as a wake-up call to Americans about their mortality, inspiring three out of four adults to make changes for a better future — including saving to pay for future long-term care in the setting of their choice, according to a new Genworth Financial survey. Genworth’s COVID-19 Consumer Sentiment Survey of 1,000 adults aged 18 or more years from across the country looked at the effects of COVID-19 on Americans’ lives and what they think about long-term care and financial security.
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  “Four Ways the Coronavirus Pandemic May Affect Long-Term Care Insurance,” ElderLawAnswers Quote: “The coronavirus pandemic has had a devastating impact on the elderly, particularly those in nursing homes and other long-term care facilities. This has raised questions about how the virus has influenced the costs and provision of long-term care insurance, which covers care in facilities and sometimes at home as well. … There are lots of uncertainties regarding long-term care, insurance, and coronavirus. To read the full US News and World Report article about what we do know, click here.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
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  “Social Security trust funds could run out even faster due to the coronavirus pandemic,” by Lorie Konish, CNBC Quote: “Social Security’s trust funds could run out as much as four years earlier due to the coronavirus pandemic, according to new research from the Wharton School at the University of Pennsylvania. Just how much the funds are affected will depend on how fast the U.S. economy recovers. Those planning for retirement may want to account for reduced benefits, just in case.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): The Social Security trust funds will run
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  “The Most Important Coronavirus Statistic: 42% Of U.S. Deaths Are From 0.6% Of The Population,” by Avik Roy, Forbes Quote: “Americans are vigorously debating the merits of continuing to lock down the U.S. economy to prevent the spread of COVID-19. A single statistic may hold the key to resolving this debate: the astounding share of deaths occurring in nursing homes and assisted living facilities. 2.1 million Americans, representing 0.62% of the U.S. population, reside in nursing homes and assisted living facilities. … According to an analysis that Gregg Girvan and I conducted for the Foundation for Research on Equal Opportunity, as of May 22, in
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“Seniors housing municipal bonds under distress due to COVID-19 costs,” by Amy Novotney, McKnight’s Senior Living   Quote: “The coronavirus is pushing more continuing care retirement communities into financial upheaval and putting pressure on the municipal bonds that financed them, according to an article Wednesday in Bloomberg Law. Some communities, unable to accept new occupants amidst COVID-19 restrictions, are using stimulus loans to make payroll, drawing in debt service reserves to make interest payments and even asking bondholders to forgo interest payments for the next year, the article reports. Since the beginning of March, at least five retirement communities have missed a
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“Long-Term Care Policy after Covid-19 — Solving the Nursing Home Crisis,” by Rachel M. Werner, M.D., Ph.D., Allison K. Hoffman, J.D., and Norma B. Coe, Ph.D., New England Journal of Medicine   Quote: But this crisis in nursing homes is not a new problem. Long-term care in the United States has been marginalized for decades, leaving aging adults who can no longer care for themselves at home reliant on poorly funded and insufficiently monitored institutions. Although major regulatory policies, including the Federal Nursing Home Reform Act of 1987, have attempted to address deficiencies in the quality of care, Covid-19 has highlighted the
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