Senior living industry association Argentum is pivoting to focus more on public policy, particularly at the federal level, in light of the Covid-19 crisis. Over about the last 18 months, the organization doubled its government relations staff to six people and increased its expenditures related to public policy, Argentum President and CEO James Balda told […]
As the baby boomer generation ages, a vast number of middle-income older adults will be entering the market for senior housing and care — and they will find few affordable options, unless the current status quo changes. “The challenges that face our current care system are quite varied and vexing, and the public and private […]
The state of California has sued Brookdale Senior Living (NYSE: BDK), alleging the company submitted false nursing home staffing data to the federal government and improperly handled resident discharges. California Attorney General Xavier Becerra — President Joe Biden’s nominee to lead the Dept. of Health and Human Services (HHS) — brought the suit as part […]
The senior living industry was sidelined from federal financial support for much of last year, due in part to lawmakers’ lack of familiarity with the sector. Going forward, the industry should do a better job of connecting private-pay senior living with the Medicare and Medicaid programs that command so much attention from lawmakers, Brandywine Living […]
Operators of standalone independent living communities, blended independent living/assisted living communities and continuing care retirement communities (CCRCs) are eligible to receive Covid-19 vaccines under the new distribution initiative between the U.S. government and major retailers Walgreens (Nasdaq: WBA) and CVS Health (NYSE: CVS). Under the government’s plan — which is called the Pharmacy Partnership for […]
Opportunity zone funds held promise for senior housing investment prior to Covid-19, and the sector may gain greater luster for these funds as a result of the pandemic. However, the outlook remains mixed at the moment, with some funds bullish on senior living and others avoiding the space, and the opportunity zone program facing ongoing […]
The coming wave of aging baby boomers will present several challenges to a senior living industry already struggling to meet the demand of seniors who cannot afford market rate independent living, assisted living or memory care. In particular, the population of older adults is quickly growing in low-density areas where it’s especially difficult to build affordable senior living projects. […]
Housing for the United States’ growing senior population is one of his department’s top priorities, according to former presidential candidate and current Secretary of Housing and Urban Development Ben Carson. He spoke this week at the annual convention of LeadingAge Florida, an association of nonprofit senior housing and care providers. “America must remain a world leader in our […]
President-elect Donald Trump has chosen Rep. Tom Price (R-GA), M.D.—an outspoken critic of the Affordable Care Act (ACA)—to head up the Department of Health and Human Services (HHS) in the new administration. Price’s appointment could be good news for the struggling skilled nursing sector, as he appears likely to roll back regulations and some ACA […]
A U.S. District Court judge has granted an injunction to stop the Department of Labor’s (DOL) overtime rule, which was set to go into effect Dec. 1. The judgment pauses a rule that would have impacted 4.2 million American workers by guaranteeing overtime pay to salaried workers making $47,476 per year ($913/week) or less. If the […]
