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I read the article and didn't actually see any evidence that this is not a reasonably fair and functional system. I did read: * People complaining that the caf
by dash2 1y ago
I read the article and didn't actually see any evidence that this is not a reasonably fair and functional system. I did read:
* People complaining that the cafe wasn't as good as they liked.
* The fact that old people have signed up for a retirement village.
* The fact that some of them get confused and need help.
What's the evidence base here?
- cpncrunch 1y agoExactly. I just tried fact checking the "milking" bit. Looking up lists of care home groups, Allegra Care came up first. Looking at their financial statements (all public, and include full details of profit and loss, thanks to UK company law), their profit in 2024 was 30k, and in 2023 they had a 300k loss. So not exactly milking! I think running a care home isn't a great way to make a huge profit.
- lstodd 1y agoIf your company shows profit in official reports you must fire your CFO.
- gwbas1c 1y agoThe kind of facility and services provided are quite expensive. What I think is more frustrating is that they aren't upfront about the costs; although I think many of the residents wouldn't live there if they were upfront about the costs, even though they can afford it. Otherwise, it seems like some very basic reform about explaining costs is needed, and some reform to prevent episodes like the lady laying on the floor for 45 minutes.
- teo_zero 1y agoMaybe the buy-back scheme? > when he dies, the company will buy back his share from his next of kin for less than he originally paid.