medicineman
New Member
A Crisis of Capitalism?
In his interview with John Bogle, Bill Moyers cites this article from THE NEW YORK TIMES. which examines more than 1,200 nursing homes purchased by large private investment groups.
The piece, "At Many Homes, More Profit and Less Nursing" reports that:
Bogle calls this a "national disgrace," contending that:
In his interview with John Bogle, Bill Moyers cites this article from THE NEW YORK TIMES. which examines more than 1,200 nursing homes purchased by large private investment groups.
"The TIMES analysis shows that managers at many other nursing homes acquired by large private investors have cut expenses and staff, sometimes below minimum legal requirements..."
"...In recent years, large private investment groups have agreed to buy 6 of the nation's 10 largest nursing home chains, containing over 141,000 beds, or 9 percent of the nation's total."
The article further details residents from one home who died from what family members call negligent care, while investors profited millions. "...In recent years, large private investment groups have agreed to buy 6 of the nation's 10 largest nursing home chains, containing over 141,000 beds, or 9 percent of the nation's total."
Bogle calls this a "national disgrace," contending that:
"There are some things that must be entrusted to government and some things that must be entrusted to private enterprise. "
Do you agree?