Watch How This Plays Out
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- November
- 19
It’s interesting to see that Congress is coming up with ways to force nursing homes to reveal who is that actually owns them.
Well, we already know who owns thousands of them—private equity firms. That’s right. America’s aged are at the mercy of bottom-line managers, whose interests have little to do with geriatric care and everything to do with cost cutting and maxmizing profits. You see in an aging society, old people represent an ever-expanding “growth market” for greedy investors interested in buying up the larger nursing home chains. Think of the private contractors who’ve done so poorly in Irag…and now think of the same kinds of guys running the facility where your grandmother lives.
It’s a big reason why the quality of nursing homes is poor and getting worse.
Will the nightmare of Soylent Green ever become a reality? I wonder.
This entry was posted
on Monday, November 19th, 2007 at 7:24 pm by Phil Reisman.
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Phil Reisman is a veteran journalist and native of Westchester County. He began his career in 1977 as the head copy boy of a startup New York City newspaper that quickly went belly up. Reisman was not to blame for the newspaper's failure, or so he claims.
Phil , this is definitely the least cheerful of your posts this year.A great way to start the Holiday Seasoning.
Is this a promo for Johnny Depp’s new movie “Sweeney Todd”?