The COVID pandemic has revealed problems in our society which we will need to fix. Thankfully researchers are identifying what problems are fixable by looking for the cause. Long term care homes (LTCs) are one such area of our society that we can improve, and do so very easily too. It turns out the non-profit LTCs are safer places for people to live and that they will live longer in a place that puts people ahead of profits.
Let’s make all LTCs non-profits. The profit motive and the goal of caring for people don’t always go together.
The COVID-19 pandemic revealed that for-profit long-term care homes had worse patient outcomes than not-for-profit homes. A new study found that of those for-profit homes, long-term care homes (LTCs) owned by private equity firms and large chains have the highest mortality rates.
“Financial firms are in seniors’ housing for what they can take from it, not .what they can contribute. This approach – and the prioritization of profits is what guides financial firms,” she said. “It’s at odds with the social and moral imperatives that underline the need to provide good homes, high-quality care and dignified environments for our elderly populations and the workers who care for them.”