On timing, the longer people are in isolation, the harder it is to maintain it. Vulnerable people might need to remain isolated for 3 to 4 months. Many of them will inevitably end up compromising their isolation during that time, so it's vital that the isolation period does not start earlier than it needs to. It's trading increased exposure risk now when the virus has a very low prevalence, for better isolation later when the virus is everywhere.
There is very real risk in isolating these people for months that this type of protection is lost and costs more lives than it saves so there is a complex tradeoff involved.
Even if you do end up isolating the elderly, there will still be an increased influx of patients who will take up hospital beds.
At that point, the problem isn't just an elder person taking a fall, it literally affects anyone who contracts another illness, gets a stroke, a heart attack, organ failure, a traffic accident,...