The Patient Protection and Affordable Care Act and the Health Care and Educational Reconciliation Act of 2010
by: David N. Crapo
Gibbons P.C.; Newark, N.J.
The Patient Protection and Affordable Care Act (PPACA), passed by the Senate on Dec. 24, 2009, and signed into law by President Barack Obama on March 23, 2010, is the basis for the U.S’s current experiment in health care reform. A copy of the section-by-section analysis of the PPACA, as it was enacted and prepared for the Senate, can be accessed by clicking here.
Continued Pressure on Senior Living Market May Put CCRC Entrance Fees at Risk
by: George R. Mesires
Ungaretti & Harris LLP; Chicago
The crash in the residential housing market has effected many Americans, but the downturn has had a particularly disruptive effect on many senior citizens, especially those seeking to gain admission to, or currently living in, continuing-care retirement communities (CCRC). CCRCs are a sub-segment of the senior-living market that provide a broad spectrum of housing, social, wellness and health care options to seniors. Most CCRCs are nonprofit entities and often affiliated with churches, fraternal or charitable organizations. CCRCs provide a continuum of care to seniors—including independent living, assisted living, memory care and nursing care—all on one campus. The target markets for CCRCs are generally seniors 75-plus years old who have equity in their homes.