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The problem with profits: As Ontario’s long-term-care homes stagger under a COVID death toll of more than 3,000, some say it’s time to shut down for-profit homes for good
Monday, February 1st, 2021
The for-profit sector isn’t one sector. It never has been, really. Instead, it’s a wild mix of large chains, family-run companies and a new breed of equity-backed turnaround projects targeted for hefty returns. The risk now, as Ontario locks in new 30-year deals with private operators for new homes… Ontario could end up creating a system that’s even worse than the one we had before.
Tags: budget, featured, Health, housing, ideology, jurisdiction, privatization, Seniors, standard of living
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