The private insurance market has proved wildly inadequate in providing financial security for most of the millions of older Americans who might need home health aides, assisted living or other types of assistance with daily living

 

This story is republished with permission from KFF Health News, a national newsroom that produces in-depth journalism about health issues and is one of the core operating programs at KFF—an independent source of health policy research, polling, and journalism. Learn more about KFF.

EDEN PRAIRIE, Minn. and LAFAYETTE, La. (March 29, 2022)—UnitedHealth Group has announced plans to acquire LHC Group, a national patient-focused provider of high-quality in-home health care services for about $5.4 billion cash value. The acquisition plan calls for LHC Group to combine with Optum Health, an information and technology-enabled health services business. The agreement calls for the acquisition of LHC Group’s outstanding common stock for $170 per share. 

SHERMAN OAKS, Calif. & DEERFIELD, Ill. (September 24, 2021)—Shomer Insurance Services, an Alera Group company, has helped develop a general and professional liability (GLPL) insurance option for senior care facilities—including skilled nursing, assisted living, hospice and home health—that is accessible, customizable and available now to offer solutions at affordable premiums. 

EDEN PRAIRIE, Minnesota (June 17, 2021)--LTCG, an insurance administration and claims solution provider for long-term care (LTC) insurance, has released its 2020 Cost of Care report and analysis. Now in its eighth year, this study includes national, state and regional costs of various senior care services, spanning skilled nursing facilities, adult day care, home health care and assisted living facilities.

Julie Appleby, Kaiser Health News, June 23, 202

After seven days as an inpatient for complications related to heart problems, Glenn Shanoski was initially hesitant when doctors suggested in early April that he could cut his hospital stay short and recover at home — with high-tech 24-hour monitoring and daily visits from medical teams.

ASHEVILLE, N.C. (June 3, 2019—Aeroflow Healthcare, a provider of durable medical equipment (DME), announced partnerships with PacificSource of Oregon and BCBS CareFirst. Partnering with these two insurance carriers expands Aeroflow’s presence and ability to serve new patients throughout the United States, providing durable medical equipment products and services to the individuals who need them most to maintain a high standard of life.