Up to 80 percent of older adults unable to afford 4 years of assisted living: study
By
Kimberly Bonvissuto
Apr 20, 2023
Up to 80% of older adults have modest assets and would be unable to afford four years in an assisted living community or more than two years of nursing home care, according to a new study.
Pandemic challenges send large nonprofit CCRC into bankruptcy
By
Kimberly Bonvissuto
Jun 13, 2023
One of the nation’s largest nonprofit continuing care retirement communities is citing pandemic losses in filing for bankruptcy as the COVID-19 pandemic continues to have a ripple effect on the senior...
Proposed overtime rule is ‘bad policy’ that senior living providers cannot absorb, groups say
By
Kimberly Bonvissuto
Nov 09, 2023
A new overtime rule proposed by the federal government would worsen workforce issues for senior living providers and create unintended consequences for workers and residents, according to industry advocacy...
Analysis: Government’s planned pay hike insufficient for staffing mandate
By
Kimberly Marselas
May 28, 2024
A proposed pay increase for nursing home operators may be one of the best in recent memory, but it won’t adequately prepare the sector for implementation of the federal staffing mandate, one of the sector’s...
Republicans take aim at Social Security, Medicare in debt reduction talks
By
Kathleen Steele Gaivin
Jan 25, 2023
The United States reached its debt limit of $31.4 trillion Thursday. As Congress looks to reduce spending, some House Republicans are taking aim at Social Security and Medicare.
Proposed overtime rule would worsen workforce, resident access issues, provider groups fear
By
Lois A. Bowers
Aug 31, 2023
A Labor Department-proposed rule that would make approximately 3.6 million more salaried workers and so-called highly compensated employees eligible for overtime pay is “ill-timed” and would worsen...
Increasing minimum wage would worsen assisted living workforce challenges, not fix them, coalition says
By
Kimberly Bonvissuto
May 02, 2023
A California bill that proposes increasing the minimum wage to $25 for direct care workers and support staff members has plenty of opponents, including senior living industry advocates.
LTC Properties expects ‘hard, long, positive’ year
By
Kimberly Bonvissuto
Feb 17, 2023
2022 was a “hard, long, positive” year for LTC Properties, and Chairman and CEO Wendy Simpson anticipates much of the same in 2023. She made the prediction Thursday on the Westlake Village, CA-based...
CCRC outlook not getting worse but also not improving much, Fitch says
By
Kathleen Steele Gaivin
Jan 19, 2024
Fitch Ratings’ outlook for continuing care retirement / life plan communities is “deteriorating,” according to the company’s senior director and sector lead for life plan communities, Margaret...
New law creates oversight of staffing agencies but doesn’t protect against ‘price-gouging’
By
Kimberly Bonvissuto
Nov 07, 2022
A new law in Pennsylvania will create oversight and accountability for long-term care staffing agencies, but it does not address the rates they charge.