Millions of Americans depend on continuing care retirement communities (CCRCs) for care as they age. In addition to living accommodations and medical services, these facilities also offer complex embedded insurance products that are improperly underwritten and insufficiently regulated. 结果是, many CCRCs are actuarially insolvent, creating a systemic risk that could leave many ageing residents financially and medically exposed at the end of their lives. 金融专家, 杰克巴克, takes us through these sector challenges and shares a proprietary capitalization model that could potentially help alleviate the issues.