Jean Greenwood shares her personal experiences with nursing home care pre and post-pandemic. Significant problems existed before and continue today. Greenwood emphasizes the importance of elder care since COVID-19. With family and loved ones at risk for COVID, staffing issues have lead to a crisis. Isolation and depression are indicators of neglect and abuse. It
President Joe Biden signed the Inflation Reduction Act into law. The cost of drugs will be capped at $2,000 per year for people on Medicare; and health care premiums will fall for many Americans. And it reduces the deficit! Biden passed the American Rescue Plan, the Bipartisan Infrastructure Law, the CHIPS and Science Act, and
Nursing home occupancy continues to climb from its pandemic low of 74% in the first quarter of 2021 to 79% currently. The upward trend in occupancy occurs in assisted living, home health services, and independent living. Mergers and acquisitions in the nursing home sector made up 40% of all senior care deals in June. Robert Applebaum,
Barron’s had a great article about an ongoing problem in America. The fastest-growing demographic group in the United States is senior citizens. The AARP says that two-thirds will need long-term services. More than one in five adults—an estimated 53 million—were caregivers in 2020. Caregiver is the most common occupation. As the number of Americans age 65+ soars
NC Health News article explains the typical problems wth nursing homes. Writer Thomas Goldsmith does a good job dissecting the complex organizational structures of the owner and operator corporations and management companies that control and mismanage nursing home facilities. Goldsmith describes this business structure as “byzantine” and wasteful. The owner/operators siphon taxpayer funds to related
REIT Ownership “There is concern that REIT ownership of healthcare facilities may divert capital away from investments in clinical care delivery toward generating high returns for investors instead.” –researcher Joseph Dov Bruch, Ph.D. REITs owned more than $3.5 trillion in U.S. assets last year, including the health sector. Harvard Medical School’s Department of Health Care
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