Mastodawn

A 4-month investigation by The Conversation uncovers the truth about many private-equity-owned for-profit nursing home chains, who make millions for their owners while cutting corners on patient care, driven by greed at the expense of our vulnerable seniors.

The government, which already has the power to stop it, falls short.

https://theconversation.com/for-profit-nursing-homes-are-cutting-corners-on-safety-and-draining-resources-with-financial-shenanigans-especially-at-midsize-chains-that-dodge-public-scrutiny-225045

#journalism

For-profit nursing homes are cutting corners on safety and draining resources with financial shenanigans − especially at midsize chains that dodge public scrutiny

Owners of midsize nursing home chains drain billions from facilities, hiding behind opaque accounting practices and harming the elderly as government, which has the power to stop it, falls short.

The Conversation

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Hermey G Mar 15, 2024

@TheConversationUS
The NY Times had a similar article back in November:

https://www.nytimes.com/2023/11/19/health/long-term-care-assisted-living.html?smid=url-share

Extra Fees Drive Assisted Living Profits

The add-ons pile up: $93 for medications, $50 for cable TV. Prices soar as the industry leaves no service unbilled. The housing option is out of reach for many families.

The New York Times

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Antonio Páez 🇲🇽🇨🇦Mar 16, 2024

@TheConversationUS

“Falls short” is the understatement of the last three decades.

In Ontario, at least, privatization of long-term care was promoted by Mike Harris during his disastrous premiership. Then Harris abandoned politics to start a lucrative career profiting as a private individual off the greed that he promoted as a politician.

https://canadians.org/analysis/mike-harris-raking-profits-long-term-care-system-he-helped-create/

Mike Harris is raking in profits from long-term care system he helped create

Twenty-five years ago, Mike Harris and his Progressive Conservative party ousted Rae’s NDP government in Ontario, starting the so-called “Common Sense Revolution.”

The Council of Canadians