Home Care Industry News - #theHCD

Home Care News Headlines

Retirees Must Plan for Added Costs in Retirement, Including for In-Home Care

While many people plan for retirement, there are also numerous men and women all across the country who don’t have the financial means to set aside much, if any, money at all for their retirement years. It’s one of the reasons why so many seniors continue to work, even taking on physically demanding work and even in light of potentially serious health issues; they can’t avoid it. Planning for retirement means also understanding the financial burdens, which can include health and home care costs.

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Shortage of Home Care Workers Could Deepen with Minimum Wage Increases

New York is in the midst of what may be a major crisis in the years ahead within the in home care industry. While Governor Cuomo and others in Albany have been working to find ways to address wages and availability of in home health care workers by setting aside $6 billion to help offset the state’s minimum wage hike and the federal cuts to Medicaid reimbursement within the industry, in upstate and rural regions, many advocates claim those efforts will do little to help the problem.

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New York’s Home Care Funding Crisis Reaches Lawmakers Attention

New York is embroiled in a tough situation. While state lawmakers have jumped on the minimum wage hike bandwagon, there hasn’t been enough attention paid to the state’s reimbursement rates for in home care services. This is, at least, according to a number of rural home care providers who made the case before the Assembly that some are being forced out of business and that’s going to have devastating repercussions for the elderly and disabled.

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CareCentrix Booming Thanks to Effort to Control Home Care Costs

Insurance is a major industry in this country. It has been for decades and even in light of the Affordable Care Act that was passed in 2010 and its efforts to make sure every American had health insurance, and as many providers claimed this would run them out of business, it continues to be a driving force with billions of dollars of annual revenue. In Connecticut, CareCentrix is a company that is seeing incredible growth, and a large reason for that is its efforts to help insurance companies control the cost of home care.

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Vermont’s Home Care Hurt by Provider Tax

In the early 1990s, some states across the country began to take taxes from health care providers, which included in home care. It was done quietly and slowly at first. The common thinking among politicians seems to be that when you take small amounts or taxes, or only subtly increase taxes here and there, the taxpayer really doesn’t notice and isn’t going to gripe too much about it, but when you take a lot it begins to get painful.

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