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The most visible difference is nursing homes are owned by publicly traded entities, who come with massive overhead of shareholder obligations and executive sala
by WarOnPrivacy 11mo ago
The most visible difference is nursing homes are owned by publicly traded entities, who come with massive overhead of shareholder obligations and executive salaries.
- Nextgrid 11mo agoPublicly traded entities which are components of many pension funds. The boomers essentially took out a loan against themselves, and now it's due, with interest to boot. There's some schadenfreude seeing the boomers complain about getting the enshittification treatment they themselves got rich off.
- WarOnPrivacy 11mo ago> Publicly traded entities which are components of many pension funds. A shareholder relationship is parasitical and exploitive by it's nature, as defined by Dodge Brothers v. Ford. Making pension funds feed on that relationship - that is whatever that is. I couldn't call it a necessary evil because it's by design.
- missedthecue 11mo agoSeems unlikely. Non-profit nursing homes are not noticeably more price-competitive with the for-profit ones.