The companies that run many for-profit U.S. nursing homes and assisted living facilities have released one second-quarter earnings report after another.
I thought that eventually I’d do a roundup about what they were saying about private long-term care insurance (LTCI) revenue, or, at least, revenue from private-pay patients.
I kept putting off doing that story and putting it off, and, finally, I realized that I put off doing that story because it’s really hard to do. Because the long-term care (LTC) providers aren’t really saying anything, even noncommital sweet nothings, about LTCI, or LTCI carriers, or the (sorry, let’s face it) scary state of the supply of U.S. private LTCI coverage.
The LTC providers weren’t even unfairly (or fairly) slamming the private LTCI carriers for paying slowly, inundating them with paperwork, or interacting with them in any way whatsoever.
Some of the LTC providers mentioned their concern about sweeping, unpredictable ups and downs in Medicare and Medicaid reimbursement rates for the types of services (not true, facility-based LTC) that Medicare and Medicaid do cover.