“Boomers Create a Surge in Luxury Care Communities,” by Scott James, New York Times

“Now, as the baby boom generation is about to enter its most senior years, billions of dollars are being invested in a building surge for high-end housing. The investments will test limits of consumer spending in an industry where regulations are inconsistent or lacking, and contracts are criticized for being confusing and complex. … The potential market is huge. By some industry estimates, 20 percent of baby boomers, or about 15 million people, have saved enough to afford private continuing care, with many expected to demand a very high standard of living.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

What about the other 80%? Most will end up in cut-rate Medicaid nursing homes or home care. That’s true whether they’re actually receiving Medicaid or paying higher private pay rates to offset Medicaid’s low rates for the majority who are dependent on public assistance.