For-profit nursing homes are understaffed by design ...Middle East

Quartz - Economy
For-profit nursing homes are understaffed by design
source : Quartz ( Middle East ) () 8
For-profit nursing homes are in trouble.On March 17, the US Senate finance committee scrutinized Genesis HealthCare, asking if the publicly traded, for-profit nursing home chain mishandled the funds allocated to it by the CARES act. Senators were particularly interested in whether the company used it to pay a generous $5.2 million bonus to its CEO ahead of its retirement, despite struggling financially prior to the pandemic.The bigger problem with Genesis HealthCare that emerged from the Senate hearing,  however, isn’t executive compensation, but understaffing. Although the company received $665 million in state and federal grants and loans in 2020, it didn’t increase its hiring, despite sev

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