Covid-19 Pandemic
 Here’s the latest news: Johnson tells Brits to ‘shop with confidence’ in reopening stores Beijing outbreak nears 100 cases in test for ChinaN.Y.’s Cuomo issues stern warning on second virus wave Assisted living looks for an assist Nursing homes have become the focal point of America’s coronavirus crisis, with more than one-third of the nation’s deaths occurring among residents. The outsized attention has another industry that cares for some of the most vulnerable people feeling left out. Assisted living facilities have been excluded from federal relief aimed at nursing homes and other providers. These communities are meant for socializing among seniors who might need some help but can largely function on their own, unlike nursing homes, which provide round-the-clock care. It’s not clear exactly how the industry as a whole is faring since they are not beholden to any federal reporting requirements. Examining state data suggests they are facing fewer cases and deaths than nursing homes. But operators are clamoring for Washington’s help accessing personal protective equipment and coronavirus tests and covering the costs they are incurring from protecting their residents and employees. Brookdale Senior Living, the largest such operator with 741 communities, expects to spend $60 million on virus-related expenses by the end of the month. While assisted living operators are shelling out money to keep existing residents safe, they’re losing residents—and revenue—while they are largely, if not entirely, closed to newcomers. One executive calls the slip in occupancy “the real killer” for the company’s financial situation. Residents primarily pay out of pocket, and it’s not cheap. The median monthly cost is $4,000, according to the National Center for Assisted Living. Facilities that accept Medicaid are slated to soon receive their first bite of federal funds allocated for provider relief in the CARES Act. That means under half of all assisted living facilities are likely eligible. Industry groups and operators say it’s a start but it’s not enough.—Angelica LaVito Track the virus U.S. Outbreak Widens in Many States  Coronavirus cases and hospitalizations have increased in a number of U.S. states in recent days as re-opening efforts continue. Keep track of the latest numbers in our interactive graphic. Coming events: Can the world’s medical researchers, scientists and public policy advocates work in tandem to outwit the virus and health challenges that now threaten mankind? Join us on June 16 at 10 a.m. EDT as we discuss how to overcome these crises. See the full lineup and register here. On June 18th, hear from senior leaders including Dame Jayne-Anne Gadhia of Snoop and Johann Butting of Slack on how they bolstered digital offerings and positioned for the pandemic amid a surging need for digital technologies. Get details and register here. What you should read First Covid Vaccines May Come With Limitations FDA would consider approving a shot that prevents symptoms only. Virus Biotech Rally Raises Some Investor Doubts Hopeful drugmakers face long odds in winning regulatory approval. China’s Slow Recovery Road Points the Way Lack of demand is the biggest problem facing restarting economy. The Pandemic’s Massive Impact on Cancer Care New NHS figures show how the pandemic delays treatment and referrals. Office Disinfections May Carry Worker Risks EPA-approved cleaning agents include some not proven safe for humans. Know someone else who would like this newsletter? Have them sign up here. Have any questions, concerns, or news tips on Covid-19 news? Get in touch or help us cover the story. Like this newsletter? Subscribe for unlimited access to trusted, data-based journalism in 120 countries around the world and gain expert analysis from exclusive daily newsletters, The Bloomberg Open and The Bloomberg Close. Follow Us Get the newsletter You received this message because you are subscribed to Bloomberg’s Coronavirus Daily newsletter. Unsubscribe | Bloomberg.com | Contact Us Bloomberg L.P. 731 Lexington, New York, NY, 10022 |
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