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Norfolk care home boss took home extra £2m | Eastern Daily Press

“It’s beyond immoral. That money should be ploughed back into investment in homes and care.
According to accounts filed at Companies House for their financial year ending September 2020, the business received a total of £2,019,315 in government grants, including Mutual Aid and Infection Control funding to help with the costs of the pandemic. A company spokeswoman confirmed the firm also took furlough payments.
The accounts show Mr Sanders, a company director and its sole shareholder, took a dividend of £3,000,000 in 2020, up from £1,000,000 in 2019.
The company also paid its highest-paid director £3,044,084 in salary in 2020, and a similar amount the year before. ....

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Cost of care for nursing home and long-term care in Virginia still rising, affected by COVID, annual survey shows

JOHN REID BLACKWELL
Richmond Times-Dispatch
The COVID-19 pandemic has exacerbated what were already steadily increasing costs for nursing home and at-home healthcare services, according to a recent survey.
The annual Cost of Care survey conducted by Henrico County-based Genworth Financial Inc. showed that the median cost for a private room in a nursing home in Virginia has increased about 7.4% this year to about $105,850. Nationally, costs also rose 3.6% to about the same amount.
The general trend over the 17 years that Genworth has conducted the survey has been steadily rising costs for various types of long-term care, as providers face growing expenses for labor, training and regulatory compliance. ....

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Cost of care for nursing home and long-term care still rising, affected by COVID, Genworth's annual survey shows

Cost of care for nursing home and long-term care still rising, affected by COVID, Genworth's annual survey shows
richmond.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from richmond.com Daily Mail and Mail on Sunday newspapers.

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COVID-19 Will Change LTC Plans for Clients

COVID-19 Will Change LTC Plans for Clients
The pandemic has hit long-term care institutions particularly hard, and the effects are likely to persist, including a shift to more home-based care and changing projections for clients’ retirement costs.
Long-term care has long been the biggest hole in the U.S. retirement safety net, and the pandemic is raising the stakes on the risks your clients face.
The horrific level of death among residents and staff in care facilities has called into question the model for institutional care. Meanwhile, the costs are jumping, driven by accelerating pressures on care facilities.
For planners advising clients on a future that may require a lengthy span of care at some level, the outlook is opaque. ....

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