Senate Panel Examines Continuing Care Retirement Communities
The Senate Aging Committee held an important hearing today on Continuing Care Retirement Communities (CCRCs) where the panel's chairman, Senator Herb Kohl (D-WI), urged that both state regulators and the CCRCs themselves provide more information about their financial risks to residents, as well as other consumer protections. This is what Kohl said: The fact is that while CCRCs are a good residential option [...]