In recent years, caregiving has entered the national spotlight significantly, focusing on the massive economic costs of people providing unpaid care to their loved ones. Each week, we round up the latest articles about the state of the care economy. This week, January 1 to January 7, 2023, we look at a research grant awarded to CareVirtue and AARP Michigan's legislative priorities for 2023.
CareVirtue has been awarded a $2.1 Million Small Business Innovation Research (SBIR) grant from the National Institute on Aging to help develop new legal and financial planning features for CareVirtue's platform for family dementia caregivers. Using this grant, CareVirtue plans to conduct a national field trial of their new legal and financial planning tools to make sure that these solutions are validated and valuable for all family dementia caregivers.
Alternatives to nursing facility care have grown in Michigan, including more small-house nursing homes (facilities with 10 to 12 residents). Still, AARP Michigan hopes to see these options expand during the state's legislative season. In this article, AARP highlights the issues they're focused on and policy recommendations for 2023. For instance, the legislature must use American Rescue Plan money by March 2025. With it, AARP hopes to see support for options like the federal-state Program of All-Inclusive Care for the Elderly (PACE) and the MI Choice program. AARP also supports a proposal to address the shortage of direct care workers by addressing pay and benefits, job satisfaction, high turnover, and training.