President Joe Biden signed the Inflation Reduction Act into law. The cost of drugs will be capped at $2,000 per year for people on Medicare; and health care premiums will fall for many Americans. And it reduces the deficit! Biden passed the American Rescue Plan, the Bipartisan Infrastructure Law, the CHIPS and Science Act, and
Nursing home occupancy continues to climb from its pandemic low of 74% in the first quarter of 2021 to 79% currently. The upward trend in occupancy occurs in assisted living, home health services, and independent living. Mergers and acquisitions in the nursing home sector made up 40% of all senior care deals in June. Robert Applebaum,
Barron’s had a great article about an ongoing problem in America. The fastest-growing demographic group in the United States is senior citizens. The AARP says that two-thirds will need long-term services. More than one in five adults—an estimated 53 million—were caregivers in 2020. Caregiver is the most common occupation. As the number of Americans age 65+ soars
“Health care fraud is not a victimless crime, because fraudulent billing ultimately affects consumers who must pay the cost of higher insurance premiums.” -United States Attorney Peace. The Department of Justice’s press release discussed a federal jury on Long Island returned a guilty verdict on eight counts of charges against Mathew James. He perpetrated a
The State reported S.C. Coastal Conservation League named Faith Rivers James as executive director. South Carolina’s highest profile environmental group chose the Ivy League-educated attorney to lead the organization. The organization focuses on environmental protection. Founded in 1989, the Coastal Conservation League has more than three dozen staff members and a multi-million dollar endowment that
Senate Democrats passed legislation to reduce the deficit and inflation. Many of the provisions in the Inflation Reduction Act will reduce health care costs. The law will significantly reduce the budget deficit. Here are the bill’s main provisions: The law allows CMS to negotiate Medicare drug costs with Big Pharma. No more price-gouging. The measure