Business and Finance

Senior Lobby Updates

2018 Fall Conference Recap

  The Washington State Senior Citizens’ Foundation held their 2018 Fall Conference on Thursday October 11, 2018 at the Hotel Murano in Tacoma, WA.   We had 385 people including speakers attend the 2018 Fall Conference.  We had high overall evaluations of 4.7 with 5 being very satisfied.   The Sponsors\Exhibitors were: Adult Family Home Council of Washington, AARP Washington, Alzheimer’s Association, ARCORA Foundation, Association Senior

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2018 Fall Conference Online With TVW

TVW is airing  the 2018 Senior Lobby Foundation Fall Conference TVW may plug in segments of the conference in some of the generic "Washington State News and Public Affairs" slots.   Below are the online links to all of the sessions: 8:30 Opening session: https://www.tvw.org/watch/?eventID=2018101030 Introductions with Walt Bowen & Bob Le Roy 2018-2019 Legislative Key Issues Rep Strom Peterson, Rep. Steve Tharinger, Sen. Karen Keiser, Cathleen

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Aging & Long-Term Support Administration (ALTSA) List of Acronyms

ALTSA has updated (October 2018) acronyms used by their agency.   Click "read more" for the list posted here

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8 Questions About Social Security Answered as Election Day Nears

Every two years, voters — whether they already count on the program, expect to or question paying into it — try to make sense of competing claims about it. It’s that time again - It’s no wonder that Social Security is politically contentious. The program’s reach is vast: More than 175 million workers contribute to it with every paycheck, and about 43 million retirees collect monthly benefits. For three in five older Americans, those checks

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Senior ranks rise 
at local food banks

Last year, 210,925 seniors sought help from food banks statewide; that was a nearly 7 percent increase over 2016 and accounted for more than 18 percent of the nearly 1.2 million food-bank recipients statewide, according to the state Department of Agricultural’s year-end report. The increases are even larger in Yakima County, where recent data shows the number of seniors seeking food assistance steadily climbing.   http://www.yakimaherald.com/news/local/senior-ranks-rise-at-local-food-banks/article_519e5604-a1d9-11e8-bef8-57ff5ee431b6.html?utm_medium=social&utm_source=email&utm_campaign=user-share

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Washington State Launches Online Tool To Compare Prices for Medical Procedures

Washington joins five other states in providing consumer-friendly data about health care cost, quality in their communities. If you or a loved one needed knee replacement surgery, would you want to know which surgeon in your community has the highest rating for quality of care? Would you like to know how much a knee replacement costs, on average, at all of the medical offices close to your home? Go to:   https://medium.com/wagovernor/washington-launches-new-online-tool-that-lets-patients-easily-compare-prices-for-medical-procedures-a54e78b74be9

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America’s elderly losing $37B a year to fraud schemes

  Elder financial abuse is a type of elder abuse in which misappropriation of financial resources or abusive use of financial control, in the context of a relationship where there is an expectation of trust, causes harm to an older person. See below:             https://www.vbjusa.com/focus-sections/accounting-and-finance/americas-elderly-losing-37b-a-year-to-fraud-schemes/    

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2018 DSHS Town Hall Meetings With Sec Cheryl Strange

Secretary Cheryl Strange is hosting Town Hall Meetings for our service providers. Vendors, partners and stakeholders are being invited statewide. She wants to know what DSHS is doing well, what the agency can do better, and what is important to our partners as we work together to transform lives.   Go to the link below for dates, times and locations: http://www.waseniorlobby.org/wp-content/uploads/18-0532-town-hall-flyer-orange-top-youre-invited.pdf

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Yes, It’s Bad. Robocalls, and Their Scams, Are Surging.

It’s not just you. Those pesky robocalls — at best annoying disturbances and at worst costly financial scams — are getting worse. In an age when cellphones have become extensions of our bodies, robocallers now follow people wherever they go, disrupting business meetings, church services and bedtime stories with their children.     https://www.nytimes.com/2018/05/06/your-money/robocalls-rise-illegal.html

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Making Retirement Security Real for Everyone

  "We can never insure one hundred percent of the population against one hundred percent of the hazards and vicissitudes of life, but we have tried to frame a law which will give some measure of protection to the average citizen and to his family against the loss of a job and against poverty-ridden old age."-- President Roosevelt upon signing Social Security Act http://www.waseniorlobby.org/wp-content/uploads/retirement-security-social-security-PSARA.pdf

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Social security Is Looking Like A Pretty Good Investment These Days

In 2005, President George W. Bush attempted to partially privatize Social Security. He centered his argument for this change on the claim that people would fare better investing in asset markets than contributing to Social Security. The privatization push proved highly unpopular, as research from EPI and others highlighted the high transition costs and investment risks. Nevertheless, the belief that Social Security amounts to a low-risk but low-return

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Weak federal oversight endangers health and safety of assisted living residents

GAO report shines a long-overdue light on Medicaid-funded assisted living. Federal funding of assisted living is large and growing, but to this point the federal government has not adequately ensured the quality of assisted living care. This lack of oversight has had tragic consequences for an unfortunately large number of older Americans. The GAO report was requested by a bipartisan group of senators, and its publication should prompt Congress

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ALTSA – MILLIMAN- LTSS FEASIBILITY STUDY OF POLICY OPTIONS FOR LONG TERM SERVICES AND CARE

Why support the Long-Term Care Trust Act? At some point, most of us will need some extra assistance as we age. Unfortunately, almost no one is saving enough to pay for the long-term care we need. With a rapidly expanding senior population, we need to address this growing financial crisis facing Washington’s families. The Long-Term Care Trust Act, can fix this problem. This bill creates a funding system that would help workers and retirees pay for

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Why Your Pharmacist Can’t Tell You That $20 Prescription Could Cost Only $8

As consumers face rapidly rising drug costs, states across the country are moving to block “gag clauses” that prohibit pharmacists from telling customers that they could save money by paying cash for prescription drugs rather than using their health insurance. Many pharmacists have expressed frustration about such provisions in their contracts with the powerful companies that manage drug benefits for insurers and employers. The clauses force

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Here Are the Places That Struggle to Meet the Rules on Safe Drinking Water

To ensure that tap water in the United States is safe to drink, the federal government has been steadily tightening the health standards for the nation’s water supplies for decades. But over and over again, local water systems around the country have failed to meet these requirements. In a new study published in the Proceedings of the National Academy of Sciences, researchers found that, since 1982, between 3 and 10 percent of the country’s

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Care Suffers as More Nursing Homes Feed Money Into Corporate Webs

Allenbrooke Nursing and Rehabilitation Center in Memphis is part of a chain of businesses that produced $145 million in revenue over eight years, from which the owners and their families’ trusts took 28 percent in distributions. In what has become an increasingly common business arrangement, owners of nursing homes outsource a wide variety of goods and services to companies in which they have a financial interest or that they control. Nearly three-quarters

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Population of Americans with Alzheimer’s will more than double by 2060, UCLA study shows

About 15 million Americans will have either Alzheimer’s dementia or mild cognitive impairment by 2060, up from approximately 6.08 million this year, according to a new study by researchers at the UCLA Fielding School of Public Health. The findings highlight the need to develop measures that could slow the progression of the disease in people who have indications of neuropathological changes that could eventually lead to Alzheimer’s dementia,

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Gov Inslee Urges State Congressional Delegation to Reject GOP Tax Plan

Governor Inslee sent a letter November 14, 2017 to the Washington State congressional delegation urging them to reject the Republication tax proposals being rushed through Congress.  The governor's letter, and a twelve-page memo that accompanied it, detailed a number of ways the tax plan would adversely impact Washington State. Open letter by clicking the link below:   http://www.waseniorlobby.org/wp-content/uploads/Letter-from-Gov-1.pdf

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Toast for dinner? Senior malnutrition: a silent epidemic

My elderly parents often resort to making toast when no one is around to make meals for them. Once a week, my sister will bring them over to her house for a big meal and send them home with leftovers. Other days my brother brings them a steady stream of casseroles. But on the days that no one stops by, it’s just them and the toaster. And sometimes they can’t even manage toast.   http://www.theolympian.com/opinion/article184675603.html

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OIC and Washington Health Benefit Exchange Market Stabilization Project

Washington state's individual health insurance market has seen a trend of increasing premiums and insurance companies pulling back from offering health plans in certain counties. As a result, the Office of the Insurance Commissioner (OIC) and the Washington Health Benefit Exchange engaged the actuarial firm Wakely to do an analysis of state-based options to stabilize the individual market for 2019. The analysis focused on two reinsurance program

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