With eight months of a Biden presidency in the books, James Balda isn’t as concerned about an imminent risk of increased federal regulation of the senior living industry as he was shortly after the November election.
“It seems not to be a priority at this point in time to take a look at any kind of wholesale regulation of the industry,” the Argentum president and CEO said, adding, however, that he is “not a believer that there’ll be a single event that would ultimately regulate assisted living across the board.”
“If anything, I think it would be incremental and over time that it would happen,” Balda said, pointing to infection control and staffing issues as possible initial areas where federal regulation would be attempted, regardless of whether a provider is reimbursed through private or government funds.
“And that’s why we’ve got to stay vigilant,” he told McKnight’s Senior Living in an exclusive interview at the association’s recently concluded Senior Living Executive Conference in Phoenix. Read More