Pandemic pushes U.S. insurers to avoid already strained senior care market

FILE PHOTO: Residents in a senior living facility look out from their apartment amid the coronavirus disease outbreak in Revere, Massachusetts, U.S., April 7, 2020. REUTERS/Brian Snyder/File Photo

Senior care facilities need general and professional liability insurance, which protect against everything from slip-and-fall incidents to staff-member mistakes that harm patients. Senior-care communities who can renew policies are paying far more for less coverage, industry sources said. Some insurers are adding exclusions not just for the novel coronavirus, but for communicable diseases at large. Exclusions for costs related to class-action lawsuits are also cropping up.

It is not yet clear how higher insurance rates are impacting the U.S. senior care industry, but pandemic-related expenses have already pushed some entities into the red.

Hang on i thought private Medicare was fantastic .... no down side... 🙄

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Can you smell that....cause we can from here..... RORT and FRAUD by the insurance companies.

I've been waiting for this. Ins. Co.s have been all too quiet since pandemic hit. Who's paying for all the unemployed medical needs? Not their former workplaces...

All the more reason to do away with private insurance.

Oh, they have as much heart as Trump has!

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