“Senior living could lead cultural shift related to aging, report author says,” by Lois A. Bowers, McKnight’s Senior Living
Quote: “The senior living industry, with innovation and imagination, could drive a new era of healthful aging and help steer a cultural shift related to aging, one of the authors of a new report from the Milken Institute told McKnight’s Senior Living. “But things must change,” she added. The nonprofit, nonpartisan think tank, released “Turning Silver into Gold: The Business of Aging,” on Thursday. The 104-page report includes data and insights from multiple sources and identifies opportunities, strategies, policies and practices to help businesses address ageism, better serve older adults and capitalize on their abilities and desires to contribute.”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
Senior living won’t be turning much silver into gold as long as most long-term care is financed by Medicaid and perverse incentives in Medicaid discourage responsible planning for LTC. More private payers would translate directly into better senior living by virtue of customers voting with their own money for the kind of care they prefer.