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Jun 20, 2023 AgingHere: Outpatient Surges Rattle Insurance Stocks

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Aging Here
June 20, 2023

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Outpatient Surges Rattle Insurance Stocks

In this week’s email:

  • 🏋️‍♂️ Three Weekly Exercise Hours Sufficient for Seniors

  • 📈 Outpatient procedures costs drive down stock prices for health insurers

  • 🍶 Charting Pennsylvania's Future for Senior Care

  • 👨‍💻 Older Americans Act: Strengthening Aging Programs

  • ✍️ Today’s AgingHere Survey

  • 📨 AgingHere Referral Program

  • 🌞 Making us laugh this week

  • 🍓 Today’s Sponsor: Mastering Medicare Podcast (MasteringMedicare.net)

Exercise interventions enhance physical function in older adults in residential care, improving muscle strength, balance, flexibility, and daily life independence. Despite slight variations between exercise types, benefits are consistently achieved with around 3 hours of weekly exercise. Read more.

UnitedHealth Group's shares dropped 5% after the company warned of higher medical costs in the second quarter due to a surge in non-urgent procedures by older adults. Rival health insurers were also affected as delayed surgeries and staffing shortages led to fewer procedures overall. The increased demand for outpatient procedures, particularly related to knees and hips, is expected to raise UnitedHealth's second-quarter medical loss ratio and potentially impact its full-year outlook. This reversal in trends could impact stock performance for both insurers and healthcare providers. read more.

Pennsylvania's Department of Aging hosted a town hall to gather input for the state's 10-year Master Plan for Older Adults. This strategic plan aims to improve infrastructure and service coordination for seniors, reflecting their needs and lifestyle preferences. The Department plans to actively engage stakeholders, including seniors, caregivers, and community leaders, to ensure a comprehensive and actionable roadmap. The plan will focus on fostering communities that promote the well-being of seniors, tackling disparities, enabling independent living, and valuing older adults. The Department seeks public feedback on the plan. Read more.

The U.S. Administration for Community Living (ACL) proposes substantial updates to the regulations of its Older Americans Act (OAA) programs, marking the first significant update in 35 years. The proposed updates aim to align with modern needs of the growing and changing older adult population, incorporating non-medical services into healthcare service delivery models. The revision seeks to improve program implementation, address emerging issues, and better serve older adults. Read more.

Today's AgingHere Survey

How are you addressing senior's mental health as part of your service?

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AgingHere Referral Program

Making us laugh this week:

Listen to Mastering Medicare Podcast Episode 21: CPT Codes and How You Get Paid in Medicare.

AgingHere Inspirational Quotes

“I believe the second half of one’s life is meant to be better than the first half. The first half is finding out how you do it. And the second half is enjoying it.” ~Frances Lear

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