Advocates Want More Oversight of Communities for Aged; the 'Refundable' Fees That Vanished
A fast-growing sector of senior housing is coming under increased scrutiny in Washington.
On Wednesday, a Senate committee will hold a hearing to discuss mounting concerns about continuing-care retirement communities, or CCRCs, which often charge large upfront fees to seniors in exchange for the promise of lifetime care. The hearing comes on the same day the Government Accountability Office releases a report urging state regulators of the CCRCs to be vigilant in their oversight of the communities.
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Scrutiny Turns to Retirement Centers
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