The Senior housing market in terms of national ALF and NH occupancy has experienced a number of years of falling occupancy. This is a complicated market most frequently fueled by substantial yet fluctuating new construction investment. But it would be impossible to suggest it has not been a market in retreat for some time.
Perhaps it’s only about following the money after all. However, I choose to believe it’s something much bigger that indeed strikes at the heart of the problem that continues to fester. The truths we carry in our hearts are that no one wants to lose control, no one wants to be institutionalized, no one in their right mind would want that control turned over to an overburdened and insufficient governmental bureaucracy and when it hits the fan everyone would rather just stay home.
What we of course do want is quality care as a direct result of controlling our own claims destiny. What we all want is private care!
Click here to read more, originally published in the April 2020 edition of Broker World Magazine.