The Federal Reserve recently released its comprehensive report on banks’ 2007 lending practices that showed that overall mortgage lending dropped sharply. Total originations dropped 25% from 2006 and that nearly one in three applicants were denied. The reports findings are based upon information collected from mortgage lending institutions under the Home Mortgage Disclosure Act of […]
Category: Medicare & Medicaid
The industry trade group, America’s Health Plans released a press release and report last week that shows Medicaid spending for long-term care will expand at a faster rate than overall U.S. health-care spending, Medicare expenditures and and the overall economy. The report shows state Medicaid programs will spend $1.6 trillion on long-term care expenses over […]
Companies to co-develop and distribute telecare and remote monitoring offerings GE Healthcare, a unit of General Electric Company (NYSE:GE), announced today that it has entered into a distribution and technology collaboration agreement with Living Independently Group, Inc. a leading provider of telecare and passive monitoring systems used to assist in the care of seniors. GE […]
The Pennsylvania General Assembly recently passed a bill that establishes a separate category for assisted living facilities in the state separate from the current category that classifies them them same way as personal-care homes or personal care providers. Many states have already made this designation a part of their state law and others, such as […]
A national task force from the American Association of Homes and Services for the Aging (AAHSA) recently released a report that the current survey and certification processes used to evaluate long-term care facilities nationwide is broken and beyond repair. The task force concluded in its final report, “Broken and Beyond Repair: Recommendations to Reform the […]
HRPT Properties Trust (NYSE: HRP) recently announced that it has entered into a series of agreements to sell 48 medical office, clinic and biotech laboratory buildings (2.2 million sq. ft.) for $565 million. The purchaser of these properties is Senior Housing Properties Trust (NYSE: SNH). SNH will pay an aggregate of approximately $554 million in […]
An article out of USA Today highlighted the problems of retiring in an ailing economy. The usual culprits of decreasing values of retirement funds, decreasing homes values and rising prices of consumables were the big three for this article. “Americans need to face a sobering fact: They’re not likely to have as much money for […]
Leading Assisted Living Organization’s Report on States’ Assisted Living Regulations Finds Widespread Change in 2007 Analysis of unique annual report reveals more than 20 states changed policies regarding assisted living Washington, D.C.: The National Center for Assisted Living’s (NCAL) 2008 Assisted Living State Regulatory Review found that in 2007 significantly more states changed their assisted […]
As home health care agencies face increased wage costs and an extremely competitive job market for health care workers, the burden of meeting Medicare shortfalls is being passed along to local and state governments to fill the gap. Adding to the mix are increasing medical insurance costs and higher gas prices, these problems seem to […]
There is a looming epidemic on the horizon: an estimated 2.9 million people with intellectual or developmental disabilities or some significant functional limitation live with caregivers who are 55 or older. As these caregivers age, what happens to those who need care? More importantly what happens to those who gave care now need it themselves? […]
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