“Insurance Administrator Acquires Key Long-Term Care Program Manager,” by Allison Bell, ThinkAdvisor   Quote: “LTCG was founded in 1996 as Long Term Care Group. A fund affiliated with Stone Point Capital acquired it in 2014. Illumifin, the new owner, is controlled by Abry Partners and Hoplon Capital.”   LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: The deal we reported in “LTC Bullet: LTC Good News” has closed. Congratulations!             Subscribe to GoldenCare News  
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“Medicare Advantage Plans Get A Big Pay Hike, Offer More Services And Supports For Older Adults,” by Howard Gleckman, Forbes   Quote: “Medicare Advantage managed care plans, which in 2021 covered 26 million enrollees, will get an average 8.5 percent increase in total Medicare payments next year. At the same time, MA plans are rapidly embracing a wide range of social services and supports for older adults living at home. Sometimes called long-term care lite, these benefits range from meal and food deliveries to transportation, home modifications, and adult day health care. A new report by the Long-Term Care Quality Alliance (LTQA) and
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“Covid’s Effect On Long-Term-Care Insurance,” by Ben Mattlin, Financial Advisor   Quote: A long-awaited national report has found that the way the United States finances, delivers and regulates nursing home care is ineffective and unstable. Immediate action is needed to bring meaningful changes to the system to better meet the needs of residents and staff, the vast team of researchers added. … The committee also honed [sic] in on the underinvestment of the nursing home sector that has suffered from ‘for decades’ and noted that implementing these recommendations will likely require ‘a significant investment of financial resources at the federal
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“Medicaid: CMS Should Assess Effect of Increased Telehealth Use on Beneficiaries’ Quality of Care,” Government Accountability Office   Quote: “Telehealth has helped people get the health care they need while reducing their COVID-19 exposure risk. At the start of the pandemic, Medicaid data from 5 states showed exponential increases in the number and percentage of services delivered via telehealth, the number of Medicaid beneficiaries receiving telehealth. For example, from March 2020-February 2021, 32.5 million services were delivered via telehealth vs. 2.1 million services the prior year. But, Medicaid hasn’t collected or assessed data on the quality of care beneficiaries received
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“Are You Receiving, Providing or Paying for Long-Term Care?,” New York Times   Quote: “Reporters from The Times and Kaiser Health News are writing about the toll on families and individuals dealing with the costs of long-term care. We would like to hear about your experiences. Please fill out the form below and a reporter may reach you to follow up. We won’t publish any part of your submission without contacting you first.”   LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform: I’m not sure we need more evidence about the toll of caregiving as much as we need
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