Senate Committee Examines Potential Financial Risks of CCRC Model

The Senate Special Committee on Aging held a hearing on July 21, 2010, entitled “Continuing Care Retirement Communities (CCRCs): Secure Retirement or Risky Investment?” The hearing focused on CCRC regulation and potential financial risks to consumers who invest in CCRCs. In connection with the hearing, the Committee released its recent investigative report on CCRCs and a study from the US Government Accountability Office (GAO).

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