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55 points toomuchtodo | 2 comments | | HN request time: 0.022s | source
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WarOnPrivacy ◴[] No.46009401[source]
For 10yrs, I supported 1-3 agencies that owned/ran group homes for developmentally disabled adults.

These included homes for clients who were non-ambulatory, clients who had profound health issues and one home for dd-so. Besides living and healthcare expenses, the agencies had regulatory overhead imposed by 3 different governing agencies.

Even with all of this, the clients had lives with daily offsite activities, jobs, public events, theme parks, etc.

The per-client budgets of these group homes were tiny compared to nursing homes. They were funded by client SS disability payments, supplemented by some modest public funding.

These homes where founded and administered by boards made up of the client's families. Importantly, they were non-profit; they lacked the massive overhead that comes with shareholder obligations and executive salaries+perks.

They've been providing superior care for over 4 decades. After I left, they began to experience a persistent risk of funding cuts. These were driven by a major hospital chain executive who became governor and then state senator.

replies(2): >>46009441 #>>46010596 #
th0ma5 ◴[] No.46009441[source]
So why are nursing homes so expensive?
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WarOnPrivacy ◴[] No.46009468[source]
The most visible difference is nursing homes are owned by publicly traded entities, who come with massive overhead of shareholder obligations and executive salaries.
replies(1): >>46009620 #
1. Nextgrid ◴[] No.46009620[source]
Publicly traded entities which are components of many pension funds. The boomers essentially took out a loan against themselves, and now it's due, with interest to boot.

There's some schadenfreude seeing the boomers complain about getting the enshittification treatment they themselves got rich off.

replies(1): >>46009782 #
2. WarOnPrivacy ◴[] No.46009782[source]
> Publicly traded entities which are components of many pension funds.

A shareholder relationship is parasitical and exploitive by it's nature, as defined by Dodge Brothers v. Ford.

Making pension funds feed on that relationship - that is whatever that is. I couldn't call it a necessary evil because it's by design.