As the 2016 NIC Spring Investment Forum wrapped up on Friday, discussions revolved around the coming challenges and opportunities for seniors housing and care. The theme of change seemed to permeate the discussions during the three day event in Dallas, Texas.
The Labor Department reported that non-farm employment increased by a healthy 242,000 positions in February. The originally reported January gain of 151,000 was revised up to 172,000. The median forecast in a Bloomberg survey had called for a gain of 195,000. The three-month average from December to February was 228,000. For the private sector, February’s job gains marked the 72nd consecutive month of positive gains.
In a report authored in part by former Senators Tom Daschle and Bill Frist, the Bipartisan Policy Center (BPC) recently issued groundbreaking recommendations for improving long-term care (LTC) financing. The report contains policy proposals detailed with specific steps policy makers should take to proactively tackle the issue of financing LTC for the elderly.