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tv   The Cost of Everything  RT  February 1, 2024 9:30am-10:00am EST

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realty, and that is really authorities an intelligent service lesson shape. and therefore he wants to prolong this war to ensure his government survival, which is apparent to us and to the public and says, attempts to extend this criminal war as long as possible. busy jo, what i don't know if the vote succeeds as a courtesy if would be the 1st little amaica to be removed from parliament and is wally history. he's accused of supposing the struggle against as well. the m. p has rejected the charges saying there was a distinction between 9 people believes and struggle for the on this struggle. as opposed to the on struggle about that his, his response of to the committee vote. the accusation included in the request for expulsion that i supposedly support the armed struggle of from us against israel is a particularly obvious and blatant lie. a wild claim without an ounce of truth, a deliberate lie and behind it a clear and malicious intent, political persecution, and silencing. well, that's
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a cost savings known for his house. the rest of your car is ready. policy is repeatedly spoken, alice against the next and you all have government and it's extremely administered, spend vince most work. he also denounced as well supplement policy, and in 2021 was beaten by police as an anti specimen, protest to the east jerusalem. we spoke to have asked you a positive and if something nicole, who said that the motion against cassie's is fabricated, this is what we believe that yesterday steps taken on the connected committee march . the 1st of 3 possible steps pass with the majority votes and the committee to isolate overcast eve. however, this does not imply that there is a legitimate legal basis for such a decision. according to assessments and the legal counsel of both the connected and the government. the motion against overcast safe is fabricated, falls, and blacks legal standing. given all legal considerations, this is a failed step. one occurred in the connected to yesterday is seen as part of
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a fascist, the sold on democracy in israel. it is part of the stifling racist atmosphere, attempting to remove overcast, save as a representative of the error of community in israel, offer cassius seen as a courageous kinetic member who confronts fascism within israel's government. this government considered one of the most extreme harbours, fascist elements. cassis boldness in opposing such forces as commendable. he opposes war and accuses israel, of committing more crimes, advocating for israel to be tried for genocide against the palestinian people, including supporting south africa's move to prosecute israel at the hey. many thanks to be a company here in nazi international best as they up next is the cost of everything with christy i and i'll be back to the top of the out with more news. see them
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the while increasing longevity and improved health at older ages is seen in many parts of the world as the crowning achievement of the 20th century. these trends also present significant challenges to sidle aging can affect economic growth, patterns of work and retirement. the ways families function and the ability of governments and communities to provide adequate resources for older adults. so as the population ages, there's also a decline in the working age, members of society and increases in health care costs. christiane, you're watching the cost of everything we're today. we're going to be breaking down the costs of aging and elder care. the
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many americans who serve as caregivers are consumed by the men's cost of tending to ailing or aging family members. and as the baby boomer generation ages, more americans are in for a rude awakening as to just how expensive caring for older adults has become. and the price of nursing home care has increased an average of 2.4 percent each year due to inflation. and the increased demand for adult daycare assisted living facilities or nursing homes. long term care services are expensive as a senior housing industry requires a large workforce of nurses and staff to support it. senior housing also caters to a high income population. now in the us, long term care costs between $35000.00 to a $108000.00 a year. but the medium cost to stay at a private room in a nursing home is over $9000.00
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a month. a 70 private room would be around $7000.00 at a price to stay in a living facility as around $4500.00 a month. and many baby boomers do not have enough retirement savings to car the cost of living in good health, let alone and for more than 2 fits of baby boomers don't have any retirement savings. and these adults will need to rely solely on the income they receive through social security. because medicare does not cover nursing homes or assisted living facilities, 70 percent of adults age 65 years and older it will require long term care at some point. and the average length of these days these facilities is about 3.2 years. memory care facilities are growing at the fastest rate ever in the senior housing market sector. these facilities offer more hands on care for people with dementia. and they can include special features like walk units that prevent patients from wandering around and leaving this facility unattended and enclosed outdoor spaces
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where patients can move around safely. in 2019 there were about 8000000 middle income seniors living in the us. but by 2029 there will be about 14000000 middle income seniors with 60 percent expected to have mobility limitations and 20 percent expected to have high health care and functional needs. and now today we're joined by keith mock director of lead management at home instead to now keys. how have these costs, where elder care evolved over the years and what factors are contributing to their increase? yeah, so definitely health care has increased along with home care into assisted living. the primary factor is of course, as you might expect. ready the employment costs of competition. we're seeing a lot of competition from other industries for the same employee pool. for example, with the fast food industry,
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you're coming to see $20.00 to $25.00 an hour. and so we're competing with those same for, for the same employees within the home share and broader health care deal with home care. specifically, we're competing against large hospitals corporations as well. and that makes it a bit tricky because they have more resources. ready obviously to lower employees too. so that's the other aspect that we're seeing that's making it challenging to get employees as a result, naturally, the cost of hiring those employees are doing. uh, we're also seeing cost increase as a result of, you know, pandemic obviously, cove, it being the most recent one. the hazard pay associated with how it has bumped up pricing as well. the p p that we have to provide in our employees to provide the
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chair safely, has also bumped up those costs. so those are 2 of the primary factors that we're sending, and we've added in additionally the, the cost of living wage and inflation obviously, is a big part of this. inflation hits our employees, especially hard the cost of childcare, just to and groceries as another example. and so the all of it combines as really creative efforts pressure on the cost of, of health care. but for us, home care and elder care generally. and what challenges might arise in needing the increased demand for long term care. so definitely the caregiver pool is trained, so we spend a lot of resources just looking for the perfect caregiver. we don't want to hire any caregiver to work with our clients, obviously. so the quality of the caregiver is also
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a vital and that's not an easy process. and it's certainly not a cheap one. so just those recruiting cause that we occur, you know, make that very challenging to, to find the right caregiver. um, also another aspect of this would be, i would mention, again, we're still recovering. depends on mac. we had a healthy pool caregivers who are a little on the older side, but we're very experiencing, very knowledgeable, very is joyful. and they took that opportunity during the pandemic to, to, to leave the field. and so we've been in the process of replacing those folks basically ever sent. and so that learning road is also a big challenge of this and in training and instructing new caregivers that come in uh, you know, how to chair for a senior citizen is
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a big part of this and how the individuals and families typically navigate the affordability challenges associated with long term care, whether we're talking about a facility or hiring and at home nurse, do some families need to seek some sort of funding. yeah, this is a, this is a big one obviously. and there's a multiple ways of them, particularly perfect, but, but these new, altogether they sometimes a solution for families. obviously private pay is a big part of this. is it for us with homeless dad? we are either a company, i'm a really we also work with the v a. so we have a lot of veterans who take advantage of the benefits. the va has a very substantial home care benefits that may get some on 12 to 20 hours a week. and so certainly we have a lot of clients to take advantage of that. now there's options out there such as
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reverse mortgages, you know, moving in with the kids. so that's become a reality for so many seniors. you know, trying to cut down cause we see there's a lot in our area. yes. on an usable for parents to move them kids to live in the basement. because without you know, that the basement with everything they need. and so, you know, that's the way of cutting the cost as well. we have a lot of long term care insurance clients as well. this obviously is not a cheap uh, solution. some people were, were lucky and got it on the ground floor on this, you know, decades ago through their employer or a private policy. and so we do have a lot of clients, i utilize a long term care benefit. and you know, at the end of the day also we have the medicare benefits, which there is
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a home care dentist that within medicaid, there is an assisted living benefit within medicaid and may in may require, has been down of assets. but nonetheless, it is there. and it is, is an option. and how does the costs of long term care in the us compared to those in other countries? seniors in the united states do have a bit of a more luxurious case. so a lot of the senior assisted living, the communities and senior communities, and especially in northern virginia area. but it's really, it's about the united states that there is a home or a resort in some cases and you know, with great meals and great activities. and so forth, but on average, yeah, that we're about 20 to 50 percent higher than the menus. humphrey is out there. um, obviously it depends on the benefits that a country might provide for the citizens. but the, you know, you can be,
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for example, it's gonna be about 20 to 30 percent higher here. and then in the u. k. um, but here in a little less are more affordable options and, and you can see, you know, if it goes out 1st as i mentioned, medicaid is an option for you. assisted living communities, but not the last we are, we are higher taste or more expenses. and our communities are a top top notch from everything i've ever seen. and how does community and family involvement contribute to addressing the long term care needs of aging individuals? obviously, the more the family is called the, the better for the senior is this better? so a better way to live it's healthy or it's more beneficial. what prevents to mentor some terms of the onset of dement so severe dementia symptoms? you know, we saw the impact that crew had ice away, so not seniors are isolated and then have access to their family. we saw the been
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so rapidly increased the symptoms exacerbate and so the more of the family is all definitely the better is also better on the cost of the you know, the more the family can participate in next year. the better i would say the family also though has to consider the long term cause, such as burn out. there's some families like to remain the family and not just because the caregiver and so that's when a company like home instead can come in and provide the rest that care for the family. so the kids can continue. ready remaining the kids and not only you know, the caregiver. now also another interesting that we've seen are of our neighbors that take an interest in each other, whether it be just making a meal or, or, or getting mail or checking in on their neighbor. you know, we see neighbor of the benefits of having hacked is neighbors involved with
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seniors as well. how do workforce challenges such as the shortages and health care professionals impact the cost and quality of long term care? so i would say that a lot of our best caregivers are our parents or mothers and fathers. and so along with that comes the child care in need, of course. and i know that's a challenge. a lot of them navigate in have difficulty with. and so that, that's another definitely another challenge that we see. transportation also continues to be a challenge for our caregivers, reliable transportation. and i can get into their clients and you know, reliably it is, is there's another component in that that, you know, we often face. thank you so much case, but please stick around. he's, mark will stay with us right here after the break. and when we come back,
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we're going to explore how much it costs to take care of the elder and countries like china. well have more after the break, the more expensive. and i'm here to plan with you whatever you do. you do not watch my new show search like why watch something that's so different whitelisted opinions that he won't get anywhere else. welcome to play. did you have the state department to see i a weapons, bankers, multi 1000000000 dollar corporations. choose your facts for you. go ahead, change and whatever you do. don't want marshall stay main street because i'm
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probably going to make you uncomfortable. my show is called stretching time, but again, you probably don't want to watch it because it might just change the way you a video of alleged abuse by an officer. today, the sheriff's deputy and columbia, south carolina, forcibly removed his student from a classroom at spring valley high school. i saw him just talking to her when her and initially, you know, i didn't think is a problem because i knew that she was just, is quite a student in the class. someone likes the police officer and says, here is law enforcement that is worse. clearly attacking, abusing power and it ended, there are others besides, this is what's wrong with the poorly be on discipline. black church, he was there enforcing a lot to meet the time to quote, disturb schools in any way. that means any disturbance that any kids causes and school is huge and forces never predict but necessary. a tops people were never
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gonna change your mind so people will never change their minds about video. they think i was wrong, and that's it. the meanwhile, a china is also aging quickly, as it will have more than $400000000.00 people over the age of 60, by 2040, which is nearly a 3rd of its total population. by then higher living and health care will eat up a quarter of the countries g, d, p. and this will reduce the supply of the labor force while increasing the burden on families elder care. but unlike many western countries, chinese elderly are expected to remain in their family homes and be cared for by their children or grandchildren. there is a strong stigma in china against placing aging parents or older members of the families in nursing homes. and china is one child policy from 1980 to 2015 has
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meant that smaller families are increasingly expected to support an aging population. while a rising number of elderly are living alone. this places and a tional burden on the one child who will be expected to care for 2 elderly parents . it is when the seniors need the help with chronic illnesses, disability, or dementia, that care becomes complicated and they may have to be admitted into nursing homes. access to good senior care also varies greatly across the country with large gaps between the wealthiest and the poor. as provinces, in 2013 the nationals people's congress passed an unprecedented and controversial law for the protection of the rights and interest of elderly people, also known as the filial piety law. this mandates that adult children provide co, truly expect the support to their parents 60 years or older. in practice, the law and related regulatory measures are actually more aspirational then
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punitive. recently, china has also issued guidance to all provinces to build a basic elderly care system by 2025. china is experiencing its 1st demographic downturn since the control of a revolution. and in 2020 citizens. $65.00 and older accounted for 13.5 percent of the population. so now, provinces are required to implement a list of basic elderly care services based on factors such as economic and social development and financial situation. services include material assistance, nursing and care, giving and must provide visiting and carry services for elderly living alone. in cities such as shanghai or beijing, the cost of a nursing home ranges from $310.00 per month to $3100.00 a month. in shanghai, only 3 percent of the cities, elderly population is cared for in nursing homes. the majority still remain at home
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. and they or their families higher and caregiver to provide some form of assistance at a monthly cost of $450.00 to $700.00. obtaining a spot in a nursing home has been incredibly competitive with a wait list of more than 10000 applicants. and so for the time being, the chinese government is promoting a 3 tiered senior care system whereby 90 percent of elders are expected to stay at home 7 percent of the community centers and 3 percent at institutional senior care centers. so for this and more, let's bring in again keith smock. now, keith, how did cultural attitudes and expectations influence the approach to long term care costs? i think it definitely affects the quality. so any time we can connect someone with similar cultures, similar language is we certainly do it because care is ultimately about
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communication. if you can't communicate with your client, it becomes very hard to provide quality care. and also another aspect of this is maybe even customs and diet. if, if we can provide a caregiver that understands those 2 aspects of their client and then that becomes much more beneficial and in a much better quality of care, which leads to better outcomes are their cultural differences that should be considered and developing policies or solutions related to the affordability of long term care. yeah, so i know for us as a, as a private company i hit on a little bit ago just in it with regards to man being doing the best match. rather making the best match that we can with our clients and their caregiver is vital. and a lot of that comes down to similar interest. uh, similar uh, you know, similar backgrounds. and i think that's the biggest thing that i see that needs to
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be focused on in the home care at least. and how can technology and innovation contribute to making long term care costs more effective and efficient? yeah, so this started several years ago with the, uh, the uh the, the call button is, uh, the commercial, the top of that, oh, i saw it. nice thing get up and so you know that and that was really the tell us so . so technology and it is still a valuable tool today that seniors are able to alert when they've, you know, some. ready and need assistance. of course that's ramped up a bit since then, you know, a lot of our clients utilize cameras in the home to check in on the client and or their parents, whether our client. also at the top is of this obviously is robust technologies that are helping companies like home instead and or parent company on
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or efficiently schedule a care caregivers for our clients. taking into account preferences and schedule availability of expertise and knowledge of that's really kind of what we're seeing right now. and the technology, there's quite a few companies of buying for that and trying to develop them. perfect it and we'll utilizing some other work. you might see what to be on. hoover situation connecting someone right. ready away as quickly as possible, and having flexibility where you're going to locate that caregiver and, and how quickly are going to be able to get that caregiver to the home? how have the us government address the growing need for long term care and what policies are in place to support aging populations? so the united states has been really impressed with the home care solution. this is i'm speaking on behalf of the home and said there's constantly rumors that medicare will include some sort of home care benefit. we have yet to see that. now obviously
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in terms of medicaid medicaid does have that home care benefit and the other sisters living benefit, but you know, it takes the pamphlets to, to qualify for that often to now with medicare, regular, medicare. they do provide that 60 days of care. but a lot of folks mistaken, we believe that that will cover extended home care that's typically only for 60 days and only provided by a skilled agency that also happens to him. boy, maybe caregivers as well. so that skilled agency can supply a skilled nurse can supply p t o t n a home health a for 60 days after that is really up to the senior and their families to come up with those solutions. either challenges or advantages associated with rely on
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family based care system. so family based care systems are, are awesome. i think along with the family, if you can bring in a component of home care to make sure the family isn't getting burned out from, from the culture here that, that really sets up the family for success down the road. but obviously the family knows the senior, you know, they're obviously most involved in the senior license. so they're gonna be able to provide some of that desk chair, the 4th floor of the senior. and so anytime with family can be of cause we walked on the homeless dad. in fact, we really view the family as a vital component of this. because ultimately those are advocate and they need to remain involved. because ultimately at the end of the day then you. ready your agency or assisted living facility has limited resources and, and limited capabilities. and so the family really needs to be, you know,
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in charge of the chair and overseeing the chair or the elderly making their own decisions when it comes to where and how to spend the rest of their lives. or does the family still have a lot of say in regards to that? yes, so senior is that slowly typically take charge of their chair and from our conversations with the children of seniors, they often don't look forward to those conversations about having to bring care to the home as so seniors definitely want to say and they continue to have to say, at some point, outward forces may change that whether it be changes in in college of abilities with dementia or all timers or whether that be financial resources. at some point the children may have to take over the next year as power of attorney isn't and take the lead on that. but definitely while seniors are cognitively able and
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physically able, they're definitely in charge of their care. and they prefer that way, as you might imagine. thank you so much. k for all your time today. while it is clear that people are living longer, are they living any better? are these added years healthy years, or does it mean that society will be experiencing more disease and disability? a survey showed that a high percentage of people over the age of 65 have no natural teeth. and a substantial portion experience has at least some level of memory impairment and other chronic conditions of all of this will surely require more assistance and place a heavy burden on society. i'm christy. i thanks for watching and we'll see you right back here next time on the cost of everything. the
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6 off of what go that you got to get better you you go to the hospital. yes. what you need to do to help you, hey, say, i mean would, would you need to lock up the people that are drug addicts, just keep going cold. turkey is like going through withdrawals, and a lot of these 12 school to withdrawal, giving them money were killed. so you just gotta give them covered right now, i guess. no one, not very good, but truly getting worse and worse every year. it has to be done the
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the c u. n. g 's as well to advise by long sweet song, sees a decision to prevent a genocide and does that allow the delivery of humanitarian aid as a number of lives. often the client is stricken enclaves. now if the cost is $27000.00 across europe, lachelle, so gain strict environmental regulations that have stifling the businesses along the government. they determined to go all the way to get in session and don't want to back down until we've made real progress because we can't take it anymore on our farms. we're all don't very much alive, and then we're not going to give up. in any case it's our life, it's our future. it's our children's future.

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