The federal government keeps wasting more money on the failing nursing home industry. After giving billions of taxpayer money to for-profit nursing homes that did a terrible job during the pandemic, we are gonna do it again. We are literally throwing taxpayer money to these profitable private companies. DHHS will spend an additional $25.5 billion
Triple Net Leases Omega Healthcare Investors (NYSE: OHI) owns nursing homes. 2020 was a rough year for the senior housing operators that REIT Omega Healthcare counts as tenants. The REIT managed to survive the pandemic despite low occupancy rates. In fact, Omega was able to maintain its dividend despite the pandemic. How? It is a result of
In the last two years, taxpayers have given billions of dollars to the nursing home industry. The money was rolling in all of 2020. The help allowed nursing homes to survive but the quality of care decreases and unsafe staffing continued. Transparency is needed to determine where all the money went and why resident outcomes
The average price per bed for nursing homes rose almost 22% year over year for the first quarter of 2021. Even as staffing shortages and low occupancy rates, profits soar because of the bail-outs and high reimbursement rates. Real estate investment trusts are active in the industry. DAC Acquisition LLC entered into a merger agreement with Diversicare
This chart shows that mandates work. The rapid decline is directly related to mask and vaccine mandates. Go figure. Many private companies have increased safety by requiring vaccination as a condition of employment. It has worked. The number of new daily cases has since fallen almost 40 percent. Hospitalizations are down 30 percent. Deaths declined 13
Politico reported something strange. Dentists are against providing Medicare recipients dental care! The Biden Administrations wants to expand Medicare to cover dental, vision and hearing care. However, conservative Democrats want to limit the expansion to only the poorest Americans. But Medicare is not just for poor people. We have never limited benefits based on means
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