THE ALMIGHTLY DOLLAR
Big news this weekend – recent study finds nursing homes owned by investor groups, provide lower quality care that those not owned by investor groups. I am not at all surprised. We have long discussed the competing interest of stockholders, and patients. Patients require the best care possibility, and morally speaking, price should not be an issue. Stockholders require dividends, and profit – which requires cutting costs, and staff to increase overall profit. This is especially difficult when most residents of long term care facilities have medicare or medicaid paying for their stay – which means the corporation has little to no control over prices, and income – only the costs. Sad when the almightly dollar is given priority over life, and care and dignity.