Construction costs up but contractor backlog down: ASHA brief
By
Lois A. Bowers
Mar 10, 2021
The cost of construction materials is up, due to “significant” swings in commodity pricing, and additional increases are expected in the spring, according to a new issue brief for the American Seniors...
Employee giveaway is a gas
By
Amy Novotney
Jun 15, 2022
Employees at Friendship Retirement Community have an even greater incentive to pick up an extra shift or two this month. Learn more, and see how you can submit your photos!
CCRC monthly rate increases for 2018 will average 3.1%
By
Lois A. Bowers
Nov 20, 2017
Continuing care retirement communities plan to raise their monthly fees for existing independent living residents an average of 3.1% in 2018, according to a recent poll of 160 chief financial officers...
Medicare monthly premiums to drop for seniors
Sep 28, 2022
The fee cuts come at the same time as seniors receive a Social Security cost-of-living increase for 2023 of up to 9 or 10%.
Retirement community adviser pleads guilty to $1.2 million fraud scheme
By
Lois A. Bowers
Dec 14, 2015
A former investment adviser said she defrauded more than two dozen retirees and others over 10 years beginning in 2003. Her husband pleaded guilty to charges related to the scheme, too.
Unemployment claims decreased by 5,000 week to week — first decrease in 4 months
By
Kathleen Steele Gaivin
Jul 29, 2022
New unemployment claims decreased by 5,000 to 256,000 for the week ending July 23. According to the Department of Labor, this was the first week-to-week decrease in four weeks. The number of claims for...
False Claims Act judgment of more than $258M forces nursing home chain to file for bankruptcy
By
Amy Novotney
Mar 04, 2021
Six nursing home business affiliates of Consulate Health Care sought Chapter 11 protection Monday, according to a Law360 report Tuesday.
Prioritize older adults, nonprofits tell members of Congress
By
Lois A. Bowers
Nov 24, 2015
Programs enabling the dignity, health and independence of older adults should be funded at appropriate levels, members of the Leadership Council of Aging Organizations wrote in a letter.
Brookdale faces SNF lawsuit from coalition including Biden’s pick for HHS secretary
By
Lois A. Bowers
Mar 16, 2021
A lawsuit filed Monday accuses Brookdale Senior Living of lying to the Centers for Medicare & Medicaid Services to inflate the star ratings awarded to some of its skilled nursing facilities. The legal...
Where assisted living is the most and least expensive: survey
By
Lois A. Bowers
Feb 15, 2017
Average monthly assisted living costs range from $3,051 for a studio apartment in Louisiana to $6,936 for a two-bedroom apartment in Delaware, according to the state results of Lincoln Financial Group’s...