Congress is about to agree to a bipartisan budget for 2014 that will at best freeze federal spending for many critical senior services. In a few cases, the fiscal plan will increase funding a bit from the low levels driven by last year’s across-the-board “sequester” spending cuts. But for the most part, programs will have to meet growing demand for [...]
Imagine your widowed father is 96 and living alone in a distant city. He’s got severe heart disease and mild dementia but is still competent to make his own choices. And is decision is: He refuses to move to a care facility but will not accept any supports and services that could help him remain safely at home. He won’t let [...]
The Washington Post published an extensive investigative story on hospice the other day. The take away: Hospices (mostly for-profits) are making big bucks by manipulating their case loads to maximize Medicare payments. In short, they are taking on many patients who are frail but not dying and thus staying on hospice care for a very long time. But the Post [...]
Despite widespread claims that doctors are fleeing Medicare, more than 9 in 10 still accept new Medicare patients and fewer than 1 percent have quit the program. The vast majority of seniors have regular access to a doctor and can find a physician when they need one. And Medicare patients are no more likely than others to have to wait [...]
After Thomas J. McInerney took the helm of insurance giant Genworth Financial Inc. last January, he ordered an intensive review of the firm’s long-term care insurance business. Genworth was one of the biggest players in the market, but the industry was struggling and investors unhappy. In an exclusive interview, McInerney tells Caring for Our Parents about his decision to stay [...]
After an intense internal review, the nation’s dominant long-term care insurance company has decided to continue selling policies. However, Genworth Financial Inc. is making major changes in the way it plans to manage its future business including asking regulators for smaller but more frequent premium increases on new policies. Genworth CEO Thomas J. McInerney told institutional investors this morning that [...]
Despite the fears of consumer advocates and the predictions of many insurance companies, seniors are flocking to Medicare Advantage managed care plans. It shouldn’t be a surprise since premiums for these policies are a fraction of the cost of traditional fee-for-service Medicare. This shift may be one driver of the recent slowdown in the growth of health care costs and [...]
More than one out of every five nursing home residents is still being given powerful antipsychotic drugs despite a growing consensus that they are inappropriate and often dangerous. These drugs frequently are given to “calm” dementia patients even though many are approved only for the treatment of diseases such as schizophrenia. Despite a federal initiative, a $2.2 billion legal settlement [...]
On Monday, I participated in a PBS NewsHour panel on how to improve services and supports for an aging America. PBS brought together a diverse group of long-term care experts to discuss some interesting international models for delivering supports and services to the frail elderly in a way that allows them to preserve their dignity and independence. The models ranged from [...]
On Monday, Nov. 4, I’ll be on a panel with a group of some highly respected long-term care policy experts to discuss some international creative models for delivering supports and services. The program, which will be held in Washington, is sponsored by the PBS Newshour and funded by the SCAN Foundation. We’ll be discussing a broad range of ideas—from the [...]