A huge target may be forming on the backs of senior living providers through a proposed rule that greatly expands employers’ public disclosure requirements for legal consultations about labor issues. The rule in its finalized form will do away with an existing advice exemption to the Labor-Management Reporting and Disclosure Act of 1959, forcing clients to disclose […]
Category: Government Programs
The healthcare reform initiatives sweeping the nation are sure to have an impact on the senior living industry, and they won’t all be positive, lobbyists say. Although President Obama’s Affordable Care Act (ACA) was scored by the Congressional Budget Office as achieving cost savings of $100 billion, the bill is expected to cost trillions more […]
The senior care industry can expect increased Medicare fraud scrutiny in the next couple years as the Obama administration seeks to recoup program dollars to help fund health insurance coverage expansion, according to a senior member of a law firm’s Healthcare Practice Group. “[Because of] healthcare reform, President Obama will try to find any Medicare […]
Senior housing developers may still encounter difficulty obtaining financing for ground-up projects despite reports of the increasing availability of capital, and future growth plans play a crucial role in what kind of capital they pursue. Just because real estate investment trusts (REITs) enjoy a low cost of capital doesn’t mean they’re the best source of […]
Proposed budgets released Wednesday by President Obama and the Department of Housing and Urban Development (HUD) include pros and cons for senior housing and care: cuts to Medicare providers and Social Security beneficiaries, but millions in funding for supportive housing for the elderly. Obama’s fiscal year 2014 budget seeks to trim $1.8 trillion from the […]
While the federal Medicaid program is reportedly safe from cuts in President Obama’s forthcoming fiscal year 2014 budget, the same is not true for Medicare and Social Security, writes the New York Times. Next week, the president is expected to formally propose cuts to Social Security and Medicare in his annual budget, according to administration […]
The White House on Tuesday unveiled a new, approximately $100 million research initiative designed to help researchers find new ways to treat, cure, and prevent brain disorders such as Alzheimer’s disease, epilepsy, and traumatic brain injury. Launched with about $100 million in President Obama’s Fiscal Year 2014 Budget, the BRAIN (Brain Research through Advancing Innovative […]
A pilot program focusing on transitions between levels of care—including hospitals and skilled nursing facilities—has yielded hugely successful outcomes in reducing rehospitalizations, with the potential of spreading to more post-acute senior care settings. Healthcare reform initiatives have emphasized reducing preventable hospital readmissions, and in October, the Centers for Medicare & Medicaid Services (CMS) began implementing […]
Senior Living Properties, LLC has settled a religious discrimination lawsuit with the Equal Employment Opportunity Commission (EEOC) after an administrator refused to accommodate an employee’s religious beliefs that restricted her from working on Sundays, telling her that “God would excuse her.” The EEOC announced on Monday that the Texas-based assisted living community operator will pay $42,500 […]
Despite an overwhelming desire among seniors to age in place, most face a “harsh reality” of homes that lack the structural support to enable independent living, presenting new challenges and opportunities for housing providers, says a new Bipartisan Policy Center report. Dramatic demographic changes from the country’s burgeoning senior population create a huge need for […]
Subscribe
Receive industry updates and breaking news from SHN