So, No. 1, we charge to strengthen people’s rights. No. 2, we charge a accessible option: a applicable accessible takeover plan for aback the industry and the bazaar are failing, to footfall in and booty aback the facilities. In lieu of us accepting a applicable plan, the bazaar and the industry will never fix themselves because there is no aggressive archetypal that will advance them to do better. We accept to put in aggressive nursing home and long-term-facility models that can analysis the abreast run industry.
Can you accord me the basics and bolts of what a accessible takeover would attending like? Let’s say that there’s a declining nursing home in a city. It’s run by a for-profit chain, has all the problems that you alluded to. What does that attending like for the canton or accompaniment to booty over that nursing home?
In places like North Dakota, which has the alone accompaniment Accessible Bank, such an accomplishment would be easier to execute, because we would accept the accessible basic to advantage and go in and acquirement a abreast run article that’s failing. So in lieu of a accessible coffer in New York, we still accept accessible capital, we accept emergency funds that are still accessible to us.
We can advantage some of that to go in and use eminent domain, article we anticipate is alone acclimated for clandestine absolute acreage development. I anticipate we can body accessible basic by application eminent domain. And unless we exercise our appropriate to do that adjoin the clandestine markets, they’re not activity to respond. They’re activity to abstract and accomplishment because as continued as you’re for profit, you accept annual duties to acknowledgment profits to shareholders.
What are the differences amid government-run or alike worker-cooperative models and these big, for-profit nursing home chains?
The bigger aberration is the accounting of accessible benefits. Most nursing homes are subsidized through Medicaid and Medicare programs, and there is massive artifice by clandestine and alike nonprofit organizations. They are befitting base records, creating accessory and tertiary markets, hiring consultants, accouterment no-show jobs to family. So basically, if Medicaid gives your grandmother a $100 benefit, by the time it alcove her she’s accepting maybe 10 cents on the dollar for that, or $10 out of $100. By demography it over about and allotment the workers at the center, we are befitting bigger annal and authoritative abiding that the majority of accessible allowances go to affliction and not the pockets of profiteers.
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