Warren, Markey Report Finds ‘Crisis’ In Nation’s Assisted Living Facilities – WBUR

Support the news July 03, 2020 Miriam Wasser Kimberly Atkins U.S. Sen. Elizabeth Warren speaks with U.S. Sen. Ed Markey. (Winslow Townson/AP) Nursing homes have been in the spotlight during the pandemic, but assisted living facilities, whose residents are also older and likely to have underlying health issues, have received far less attention from the federal government. For that reason, Sens. Elizabeth Warren and Ed Markey, and Democratic Rep. Carolyn Maloney of New York, launched an investigation in late April into COVID-19 outbreaks at these facilities. The lawmakers surveyed the top 11 assisted living operators in the country — which collectively house over 153,000 older adults, or about a sixth of the nation’s assisted living population — and found, in the words of Markey, that “we are simply not doing enough to protect our seniors or workers in assisted living homes from this deadly virus.”…
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Delta ALPA Negotiate Early-Out Package For Senior Pilots As Boeing 777 Retirements Near – Forbes

A Delta Boeing 777-200LR aircraft is seen at Shanghai Pudong International Airport in 2019. (Photo … [+] by Alex Tai/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Delta pilots say they have negotiated an early-out letter package that will enable pilots who are nearing retirement to leave the carrier with an attractive benefit package. The Delta chapter of the Air Line Pilots Association, anticipates that about 1,000 to 2,000 of Delta’s 14,500 pilots will accept the package, clearing the way for later negotiations over additional voluntary furloughs, if needed, as airlines reduce flying in the face of the coronavirus crisis.…
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Closing Bell: Nifty ends above 10,600, Sensex up 177 pts; Bharti Airtel gains 4% – Moneycontrol.com

Closing Bell: Nifty ends above 10,600, Sensex up 177 pts; Bharti Airtel gains 4% – Moneycontrol.com Live now AUTO REFRESH Jul 03, 2020 03:37 PM IST | Source: Moneycontrol.com Except bank and metal other sectoral indices ended in the green. BSE Midcap and Smallcap indices ended higher. Top Taking Stock: Sensex scales Mount 36K, Nifty back above 10,600 Bayer Cropscience, VST Tillers, Balkrishna Industries and IOL Chemicals were among more than 100 stocks on the BSE to hit a 52-week high. Sumeet Bagadia, Executive Director at Choice Broking:  On a daily chart, the Nifty has been trading above its 50-day moving average which is a good sign for the time being and based on which we may see a good move in the upcoming trading session.…
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Coronavirus reported in more than 200 Arizona assisted living facilities – ABC15 Arizona

A mother living in an assisted living facility taken out by son. PHOENIX — As more than 200 assisted living facilities in Arizona have reported coronavirus cases, families question where their parents and grandparents will be safest during the pandemic. At the Springs of Scottsdale, which offers both independent and assisted living, management said 14 residents contracted the virus. Five of those residents died. Paul Fennell’s mom, Margaret, just turned 100 and lived at the facility. She tested positive in May. “I assumed she was going to be dead in two weeks,” Paul said. “To me, it’s unbelievable. We know about hotspots, but people generally don’t know about this.”…
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How telehealth and telemedicine extend medical reach for senior residents – Marketplace – McKnight’s Long Term Care News

Brian Wallace The nursing home economy is extremely vulnerable, accounting for a staggering rate of America’s COVID-19 deaths. With the pandemic clogging the accessibility of medical care, many are left to suffer. As an influencer of many industries, I’ve caught sight of two solutions that can revolutionize the future of healthcare accessibility: telehealth and telemedicine. The aforementioned practices benefit physicians and patients. With the United States’ most at-risk demographic under the confinement of their long-term facilities, seniors are going without medical assessment. It’s important providers and caregivers to work together in extending medical treatment to senior residents without the need for them to travel.…
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5 Things California: 2020 Budget Act, Health Homes Program, COVID-19 costs – State of Reform – State of Reform

DJ Wilson | Jul 2, 2020 We are six weeks out from our 2020 Northern California Health Policy Conference coming up on August 18th! Based on input from a range of folks, we’ve added four more break out sessions on topics getting discussed among senior health care executives and health policy leaders right now in California. This event will be right in the middle of the end of the legislative session. So, you’ll be able to get some of the inside scoop on the policy and fiscal impacts of the legislative session before the final ink dries. We’d be honored to have you sign up with us ahead of the Early Bird rates ending this week.…
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Companies filing for bankruptcy use loophole to give CEOs huge bonuses – Yahoo Finance

The economic fallout from the coronavirus pandemic has left many companies no choice but to file for bankruptcy. But before they do, many dole out generous bonuses to CEOs and other executives before they run out of cash. JCPenney, Hertz, and Chesapeake Energy are just a few of the companies that recently have given their executives prepaid retention bonuses worth $7.5 million, $16.2 million, $25 million, respectively, in the days and weeks leading up to filing for bankruptcy protection, where they plan reorganize to eventually emerge with a sustainable business. The practice is common, experts told Yahoo Money, even if the optics can look bad.…
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Rallying the industry: Senior equipment lenders give their views on liquidity issues facing the asset lending sector – Asset Finance International

Rallying the industry: COVID-19 Legacy. As the asset lending sector gets increasingly affected by liquidity issues IAFN sought the views of senior equipment lenders at its recent online conference. Q. How well have block discounters supporting independent finance company customers during the present crisis? (In response to a finance company colleague who claimed from first-hand experience that they are not being treated well and as a consequence have themselves needed to pull back from lending to their SME customers) Mike Randall, CEO Simply: From our perspective we’ve seen a range of behaviours out there – ranging from sort of good support, to average support, to some really poor behaviour.…
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7,000 killed in assisted living due to COVID-19, report finds – ABC News

A new survey of assisted living facilities found that close to 7,000 seniors residing in these types of communities may have died from the novel coronavirus. Because deaths in assisted living are not counted in federal records of nursing home deaths, the actual number is unknown. The survey, conducted as part of an investigation led by Massachusetts Sens. Elizabeth Warren and Ed Markey, as well as Rep. Carolyn Maloney, D-N.Y., asked the nation’s 11 largest assisted living facility operators about their experiences dealing with COVID-19, and discovered that 31% of seniors who contracted the in an assisted living facility died from it.…
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Consulate Health Care, Florida’s largest nursing home company, faces quarter-billion-dollar fraud judgment – Naples Daily News

Ryan Mills Naples Daily News Published 8:58 AM EDT Jul 2, 2020 Florida’s largest nursing home provider is again facing a quarter-billion-dollar judgment for fraud that company leaders have said could cause its “immediate economic extinction.” An appeals court last week affirmed part of a jury’s finding that Consulate Health Care, which operates a tenth of all Florida nursing homes, systematically defrauded the government by providing medically unnecessary treatments to patients. While calling the judgment “huge,” one industry watcher predicted that Consulate homes will continue operating, even if the company continues to appeal the ruling or files for bankruptcy. But a union that covers health care workers said patient care could suffer and workers could be left without sufficient protective gear as COVID-19 ravages long-term care facilities nationwide.…
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