Oregon Business News recently printed an emailed letter from Sunwest’s CEO, Jon Harder, to U.S. Senator Gordon Smith’s office that pleaded for assistance.  According to the article, Harder’s lawyer confirmed its authenticity but the tone of the letter paints a shocking picture of the challenges it faces with its lenders and its operations.  If Mr. […]

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The Social Security Administration announced today that monthly Social Security and Supplemental Security Income benefits will increase 5.8% in 2009.  This increase isn’t enough to offset the increases that many seniors have seen in their housing expenses including their property taxes and insurance, let alone any increases in rent or mortgage payments.  More than 55 […]

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The U.S. Department of Health and Human Services’ Office of the Inspector General  released a report last week detailing the "Trends in Nursing Home Deficiencies and Complaints" that paints a dismal picture showing that over 90% of that nation’s nursing homes were cited for federal violations from 2005-2007.  The most common deficiency categories cited in […]

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The Federal Reserve recently released its comprehensive report on banks’ 2007 lending practices  that showed that overall mortgage lending dropped sharply.  Total originations dropped 25% from 2006 and that nearly one in three applicants were denied.  The reports findings are based upon information collected from mortgage lending institutions under the Home Mortgage Disclosure Act […]

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The industry trade group, America’s Health Plans released a press release and report last week that shows Medicaid spending for long-term care will expand at a faster rate than overall U.S. health-care spending, Medicare expenditures and and the overall economy. 

The report shows state Medicaid programs will spend $1.6 trillion on long-term care expenses […]

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Companies to co-develop and distribute telecare and remote monitoring offerings
GE Healthcare, a unit of General Electric Company (NYSE:GE), announced today that it has entered into a distribution and technology collaboration agreement with Living Independently Group, Inc. a leading provider of telecare and passive monitoring systems used to assist in the care of seniors. GE Healthcare […]

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