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Funny enough, I was looking for references related to this topic this morning. I would add not just elderly care, but appropriate regulation of facilities that
by kxyvr 6y ago
Funny enough, I was looking for references related to this topic this morning.
I would add not just elderly care, but appropriate regulation of facilities that provide elderly care. Evidently, the standard business practice is to not just own the nursing home, but the businesses surrounding it, which are used to siphon money away from the facility. As an example, a separate legal entity owns the building and leases it back at a high rate, or the laundry and over charges, or the medical equipment and over charges, etc. It makes the facility look like they're losing money, but in fact the owning conglomerate profits handsomely:
https://www.nytimes.com/2020/05/07/business/coronavirus-nursing-homes.html https://www.nytimes.com/2020/05/07/business/coronavirus-nurs...
https://prospect.org/familycare/the-corporatization-of-nursing-homes/ https://prospect.org/familycare/the-corporatization-of-nursi...
The net affect is that the facilities themselves are incredibly understaffed and that leads to poor care and massive number of medical errors. As someone who's dealt with both assisted living and nursing home with my own family, it's incredibly frustrating.