Datapoint: Kaiser to Launch PACE Plans

Kaiser Permanente on March 27 said it is partnering with investment firm Town Hall Ventures to launch new products under the Program of All-Inclusive Care for the Elderly (PACE) model. The new venture will be known as Habitat Health, and will begin serving seniors in Sacramento and Los Angeles in 2025, with a national expansion to follow. “We have an extraordinary challenge in this country,” Andy Slavitt, general partner with Town Hall Ventures, said in a statement. “The number of people age 85 and older in our country will double by 2040. We need a better answer for the millions of older adults that is more humane, compassionate, scalable, and affordable for the nation.” Just under 60,000 people nationwide are currently enrolled in PACE plans, with 14,898 residing in California. Leading the California market is AltaMed PACE, which serves 2,913 members as of March 2023.

Source: AIS’s Directory of Health Plans

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