Nearly 70% of older adults will need long-term care services, according to Harvard’s Joint Center for Housing Studies. But for many individuals, the cost of affordable long-term care services is beyond their reach in an industry facing higher labor and supply costs, a labor shortage, and other challenges. According to KFF (Kaiser Family Foundation) and The New York Times, nearly three million older Americans who need long-term care are not receiving it due to lack of accessibility and the high cost of assisted living facilities, nursing homes, and aides at home.
Tag: long term care
Aon/AHCA Report: Severity, Frequency of Claims to Increase for Long Term Care Providers in 2018
An increase in frequency and severity of claims is causing the cost of liability to increase for the long term care profession, according to the findings of an analysis released today by the American Health Care Association (AHCA) and Aon, a leading global professional services firm providing a broad range of risk, retirement and health… Continue reading Aon/AHCA Report: Severity, Frequency of Claims to Increase for Long Term Care Providers in 2018