Closures and Displacement
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The New York Times had a great article on the history of the Federal Arbitration Act which is soon turning 100 years old. The Act was meant to help resolve business disputes between sophisticated businesses. President Calvin Coolidge signed the FAA on February 12, 1925. However, this archaic legislation has manipulated the Constitution and took
A recent article in the Heath Affairs Scholar found that mortality rates among nursing home residents remained above pre-pandemic levels through the end of 2023. The authors noted the difficulty of determining mortality causes, and instead focused on mortality from all-causes. The mortality rate per 100,000 residents was 5,692 in December 2020, when COVID-19 was taking its greatest
CMS recently implemented new requirements aimed at increasing transparency and accountability in the nursing home industry. Effective as of October 1, 2024, these changes require nursing homes to disclose extensive ownership and management details through the revised Form CMS-855A. This update addresses longstanding concerns about financial exploitation in the industry, particularly through related-party transactions that allow owners to
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