CCRCs: An Efficient Alternative for Long-Term Care Provision and Financing?
Are Continuing Care Retirement Communities (CCRCs) an efficient alternative for the provision of long-term care, and can public programs be adapted to assist in financing this model? This study examined who enters CCRCs and why, which factors influence nursing home utilization in CCRCs, and financial stability of CCRCs by conducting a survey of CCRC residents and analyzing data from the 1989 National Long-Term Care Survey and the American Association of Homes for the Aging survey of CCRCs. Investigators also gathered primary data from selected states to evaluate CCRC financial solvency. Finally, by studying specific regulations, they assessed the potential of CCRCs as mechanisms for providing and financing long-term care for the low and moderate income elderly.