2 hours, 27 minutes ago
(AP:NEW YORK) Ventas Inc. said Monday that it will buy Nationwide Health Properties Inc. in a $5.8 billion stock deal, creating the nation's largest health care real-estate investment trust.
The Nationwide purchase solidifies Ventas' position as a leading owner of senior housing communities, along with real estate properties including skilled nursing facilities, hospitals, and office buildings. The move also will make the company more diverse, combining Ventas' health care facilities with Nationwide's focus on senior housing and long-term care facilities.
The company will have more than 1,300 assets in 47 states, the District of Columbia, and two Canadian provinces. That includes operating 643 senior housing facilities and 379 skilled nursing facilities.
Ventas said private pay sources will account for 70 percent of the company's net operating income. Meanwhile, senior housing will account for about 55 percent of the combined company's net operating income, with skilled nursing facilities and medical office buildings accounting for about 22 percent and 11 percent, respectively.
Health care is one of the fastest growing segments of the economy, and both companies foresee growth as the population ages with the first wave of 79 million baby boomers turning 65 in 2011. Health care spending is projected to grow to 20 percent U.S. gross domestic product by 2019, from about 18 percent today.
Monday, February 28, 2011
Sunday, February 27, 2011
Health Costs Municipal Employees
jayboat How about having Municipal employees pay more than five dollars as their co-pay? Who else get health insurance with no deductibles? Make municipal employees join the GIC and pay the same co-pays and deductible as state employees. That will save the taxpayer millions of dollars.
Monday, February 14, 2011
MUNICIPAL HEALTH COSTS
A group of Massachusetts mayors, fed up with what they say is legislative inaction on skyrocketing municipal health care costs, has launched a ballot initiative for 2012 aimed at giving cities and towns more flexibility in reducing expensive benefits for employees, retirees and elected officials. Health costs in Massachusetts have added more than $1 billion to municipal budgets from 2001 to 2008, and some cities now devote close to 20 percent of their budgets to health care.
Saturday, February 12, 2011
The Effect of Repealing Health Reform on the State of Massachusetts:
CMMENTS FROM SEN. KERRY
•Repeal would take away $2 billion in additional federal assistance for MassHealth, which provides health coverage to more than one million Massachusetts children, families, seniors, and people with disabilities.
•Repeal would eradicate $860 million in federal funding of the Children’s Health Insurance Program (CHIP), which helps to ensure that virtually every child in Massachusetts has health care coverage.
•Repeal would make health coverage more expensive by taking away $4 billion in federal subsidies to purchase health insurance to over 254,000 Massachusetts residents.
•Repeal would prevent 75,000 people in Massachusetts with incomes between 300% of poverty to 400% of poverty—most of whom are older Americans under the age of 65—from receiving subsidies to purchase health coverage.
•Repeal would increase Medicare prescription drug costs for nearly 51,837 seniors in Massachusetts.
•Repeal would cut Medicare’s annual wellness visit and free preventive services for 1 million seniors in Massachusetts.
•Repeal would eliminate financial relief to 162 employers in Massachusetts who offer retiree health benefits.
•Repeal would make it more expensive for over 102,000 small businesses in Massachusetts to offer health coverage to their employees.
•Repeal would eliminate tens of millions of dollars in funding for community health centers in Massachusetts that provide high quality health care to about 800,000 state residents.
•Repeal would abolish $128 million in grants and tax credits to 312 small biotech companies in Massachusetts who are working to develop new therapies that prevent, diagnose and treat acute and chronic diseases.
•· Repeal would increase health insurance premiums in the nongroup market by 14 to 20%, costing Massachusetts families $1,950 to $2,790 more in premiums each year.
•Repeal would eliminate payment bonuses to about 11,500 physicians in Massachusetts who practice primary care.
•Repeal would reinstate a discriminatory Medicare reimbursement provision that penalizes Massachusetts hospitals by hundreds of millions of dollars each year.
•Repeal would expose nearly 4.5 million Massachusetts residents with private insurance coverage to having lifetime limits placed on how much insurance companies will spend on their health care.
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•Repeal would take away $2 billion in additional federal assistance for MassHealth, which provides health coverage to more than one million Massachusetts children, families, seniors, and people with disabilities.
•Repeal would eradicate $860 million in federal funding of the Children’s Health Insurance Program (CHIP), which helps to ensure that virtually every child in Massachusetts has health care coverage.
•Repeal would make health coverage more expensive by taking away $4 billion in federal subsidies to purchase health insurance to over 254,000 Massachusetts residents.
•Repeal would prevent 75,000 people in Massachusetts with incomes between 300% of poverty to 400% of poverty—most of whom are older Americans under the age of 65—from receiving subsidies to purchase health coverage.
•Repeal would increase Medicare prescription drug costs for nearly 51,837 seniors in Massachusetts.
•Repeal would cut Medicare’s annual wellness visit and free preventive services for 1 million seniors in Massachusetts.
•Repeal would eliminate financial relief to 162 employers in Massachusetts who offer retiree health benefits.
•Repeal would make it more expensive for over 102,000 small businesses in Massachusetts to offer health coverage to their employees.
•Repeal would eliminate tens of millions of dollars in funding for community health centers in Massachusetts that provide high quality health care to about 800,000 state residents.
•Repeal would abolish $128 million in grants and tax credits to 312 small biotech companies in Massachusetts who are working to develop new therapies that prevent, diagnose and treat acute and chronic diseases.
•· Repeal would increase health insurance premiums in the nongroup market by 14 to 20%, costing Massachusetts families $1,950 to $2,790 more in premiums each year.
•Repeal would eliminate payment bonuses to about 11,500 physicians in Massachusetts who practice primary care.
•Repeal would reinstate a discriminatory Medicare reimbursement provision that penalizes Massachusetts hospitals by hundreds of millions of dollars each year.
•Repeal would expose nearly 4.5 million Massachusetts residents with private insurance coverage to having lifetime limits placed on how much insurance companies will spend on their health care.
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