Labor Department increases monetary penalties for violations
By
Lois A. Bowers
Jan 04, 2018
The Department of Labor issued a final rule Tuesday that details increases in civil penalties due to inflation, as required by federal law.
18 states increased minimum wage Jan. 1
By
Lois A. Bowers
Jan 02, 2018
The minimum wage increased in 18 states on Jan. 1, either by legislative action, ballot initiative or inflation adjustment.
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...
Senior living association recommends overtime changes to Labor Department
By
Lois A. Bowers
Oct 02, 2017
The Labor Department should base increases in the minimum salary threshold used to determine overtime pay on the 20th percentile for salaried employees in the lowest paid geographic region of the country,...
Genworth: Acuity, luxury drive up assisted living costs 3.36% in 2017
By
Lois A. Bowers
Sep 27, 2017
The annual median cost of assisted living increased 3.36% from 2016 to 2017, according to the Genworth 2017 Cost of Care Survey, released Tuesday. There are two main reasons.
Ventas shares plan to counter ‘policy whiplash’
By
Lois A. Bowers
Apr 30, 2017
“A little bit of policy whiplash” at the federal level is affecting the business world, Ventas Chairwoman and CEO Debra Cafaro told analysts and others participating in a first-quarter earnings...
Senior living cost growth may surprise potential residents — in a good way
By
Lois A. Bowers
Apr 25, 2017
Growth in costs for assisted living and memory care probably runs counter to what most people think, according to a report released Tuesday.
Per-capita Medicaid cap could reduce dual-eligible spending by $44 billion over 10 years
By
Lois A. Bowers
Apr 20, 2017
A per-capita cap on federal Medicaid funding growth based on medical inflation could reduce spending on dual-eligible beneficiaries by $44 billion over the next 10 years, according to new research.
Type A and C contracts increasing in popularity with CCRCs
By
Lois A. Bowers
Apr 13, 2017
Type A and C entry-fee contract use has become more common in continuing care retirement communities over the past 10 years, whereas type B contract and rental agreement use has become less common, according...
Assisted living occupancy falls to lowest level since 2010
By
Lois A. Bowers
Apr 12, 2017
Occupancy for assisted living in the first quarter of 2017 averaged 87.2%, its lowest level since early 2010, according to data released Wednesday by the National Investment Center for Seniors Housing...