Long Term Care News - Week of May 18, 2020

Long Term Care News - Week of May 18, 2020

Posted By: Stephen D. Forman | Categories: Research & Reports, Government & Public Policy, US Economy, Industry Trends & Forecasts, Case Studies, Miscellaneous Op-Ed, Neuroscience and Human Behavior, LTC Awareness

Not enough time to get things done?  Think again.  That space just gets filled and you're still up against a deadline.  Fortunately, the space between you and the table spice you request gets filled by the Weekly Breeder and an abnormally long Goldbergian passing of the pepper. 

Parkinson's Disease: In a study of cabinets in nearly 200 countries, researchers found that cabinet size was negatively correlated with government effectiveness, political stability, accountability, life expectancy, and standard of living. The researchers determined that 20 committee members is an upper limit, beyond which consensus-building grows difficult. This is just one application of Parkinson's Law, which states that work expands to fill the available time. Read the article to learn why it's difficult to meet your deadlines.

Belay that Order? If you've written your advance directive, it's because you've given thought to a great fear: "being hooked to a machine, helpless, with the end of life looming." Witnessing COVID-19 treatment (ventilators, intubation) is forcing some individuals to reconsider their living wills.

Let it Rain: Today, HHS announced a $5B relief package for SNF operators "suffering from significant expenses or lost revenue attributable to COVID-19," which allots $50K to each facility plus $2,500 per bed.

Who Could've Predicted History Would Repeat? As unemployment rises, state revenues fall and Medicaid rolls rise. "There will be a world of hurt," as Medicaid tries to wriggle out of the corner it's backed into.

Platinum Rule: The MDRT commissioned a survey of US adults to learn what they value in a financial advisor. Topping the results: demonstrations of emotional intelligence, eg genuine empathy, compassion, and reassurance.

Weekly Breeder: If you thought the last one was clever, this one had me laughing.