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For-profit Companies and Long Term Care - Last night we read an article about one of the big long term care corporations involved in owning and operating such facilities in Canada. I've concluded that private corporations have no business being in the long term care field.
This company does not just own a few long term care homes, it owns 69 I think, and operates 60 or more too. These include the homes where the greatest number of Covid19 deaths have occurred. Last year they made over $1 billion profit, and in the first quarter of this year they turned over $268 million, on track to exceed $1 billion again. At the same time they just spent $300,00.00 extra of their own funds (and $400,000.00 in government subsidies) extra during the pandemic.
these numbers are simply obscene, and they've announced a $10 million payout to shareholders. Need I say more. All on the back of the elderly residents and grossly underpaid staff!
The Allium are beautiful!
ReplyDeleteThe for-profit companies wouldn't be doing it if they were not making money. They should be all gov't owned!
Hello, I love the Allium and the red Clematis, beautiful photos. Kudos to Mrs F.G. !
ReplyDeleteEnjoy your day, wishing you a happy weekend!
Yes, excellent photos and very colourful flowers. The school I worked in was taken over by a for-profit company just before I left. I've heard that standards have dropped since then - and not because I'm longer there!
ReplyDeleteThanks for telling me they are alliums, since I started wondering right with the first magnificent picture. Yes, she definitely has an eye for photographs. I really like those closeups. :-)
ReplyDeleteYour red clematis are lovely. I've never really been a fan of allium though.
ReplyDeleteI hope this epidemic brings about some major changes in LTC. There needs to be more scrutiny. I was thoroughly disgusted by the amount of money we were paying for my dear fathers accommodation and the lacking in every area of that place. I'm glad he passed before this catastrophe. I just can't imagine how things could have gotten any worse. LTC homes in his city were frequently in the news and programs like W5.
Ohhhh, lovely shots Mrs. G! The allium always reminds me of fireworks!
ReplyDeleteWhat has been happening in LTC is atrocious, but alas it is nothing new. The for profit homes are the worse offenders...BUT having had experience with the gov't run ones, I can say they are not much better.
Beautiful flowers and photographs.
ReplyDeleteWell done Mrs F.G
All the best Jan
It is disgusting what the privately owned homes can get away with.
ReplyDeleteMrs. FG really does have a eye for photography. Great photos.
Mrs FG has taken some beautiful photos. My favorite is the very first one.
ReplyDeleteI am new to Allium. I've never seen them. I bought some and they are fun!
ReplyDeleteGood for your bestie!
Most of our LTC hojmes are for-profit. 5/6 according to my research.
Your last three paragraphs are key to long term care in Canada.You could see this coming a few years ago.
ReplyDeleteGreat job on the photos, Mrs FG. Greed for more money is such and evil root for so many problems in our world.
ReplyDeleteHumans didn't evolve to live long enough to need long-term care. Now that many of us do live long enough to become infirm, society hasn't been able to solve the cost and staffing issues. For-profit certainly isn't the best way to deal with long-term care, it will take really innovative thinking to arrive at a reasonable solution.
ReplyDeleteYou now have two avid photographers in the house and glad to see Mrs FG turning her creative talents to the art of photography as well.
ReplyDeleteUnfortunately greed for profit has always been with us but in these trying times it seems to be escalating uncontrollably.
That Clematis is so very beautiful! One of the prettiest I have seen! :)
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