The New York Times recently had an interesting article regarding Congressional leaders questioning the policy and practice of the insurance industry in long term care settings. The top-ranking Republican on the Senate Finance Committee has asked 11 long-term care insurance companies to explain “troubling data” regarding how policyholders’ claims are handled and paid. Senator Charles
I recently read an article about Charles Grassley, Republican Senator from Iowa who is on the Senate Finance Committee asking long term care insurance companies to explain how they are handling policy holders’ claims. This is the quote I love the most: “Many long-term care insurers have recently announced that they are raising premiums because
I came across an article discussing the trend of Wall Street investment groups buying nursing homes and the effect it is having on residents and litigation. Check out my summary: In recent years the Long Term Care industry has seen thousands of nursing homes across the nation taken over by Wall Street investment groups and unfortunately, this change has
USA Today recently reported that the numbers of elderly (defined in the article as the population of people 85 and older) living in nursing homes is declining. The article points out that these numbers don’t include those living in Assisted Living Facilities, which may in fact reflect a good portion of the 85 and older
U.S. Senator Barack Obama today released a statement on the report in the New York Times on nursing homes. “The news that some private equity firms have been boosting profits at the nursing homes they own by cutting essential staff and compromising the quality of care for our seniors is unconscionable and unacceptable. America’s workers
This weekend, the New York Times published an article about the profitability of nursing homes. The article points out that while profits are rising, quality of care is falling. This may come as a surprise to the nursing home industry who, as a general rule, seems to constantly repeat their litany about how they aren’t
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