Downer thread.

[Easy 6]

Originally Posted by lewdog

Many nursing homes run on 2-3% profit margins. 24/7 licensed staff care is expensive, not to mention the supplies and overhead provided by the business.

In home care is usually 2-3x the cost and the most expensive option.

Many nursing home residents are on Medicaid because they cannot afford the care themselves. Medicaid currently pays facilities 15-30% UNDER the cost to actually care for the patient. If you actually cared about facilities being able to provide better care, you would vote so that the government stops cutting Medicaid funding for care.

Originally Posted by LagunaSWana

As I said, I'm in the business and have helped hundreds of families and I've never once heard of a community asking for a deed, nor anything they own. It's a month-to-month rental. No long-term lease, no credit checks, no collateral.

There are communities called Continuing Care Retirement Communities (CCRC), or Life Care Communities that require a large entrance fee (buy-in) and with it comes a contract for the community to care for you for life, even if you run out of money. But it's a cash buy-in, not a deed to your home. It's like buying Long Term Care insurance in a lump sum. I'm not a big fan of these, but some people swear by them.

I won't claim to know all the ins and outs of that industry, but I was a homecare aide for the elderly for a year with five clients... and three of them railed against how many of these places operate very ruthlessly

My 87 year old Korean war combat vet client Jim had a wife in a home with a debilitating illness, and he is a man of fairly substantial means who almost built a small town near me all by himself... and he was almost in tears with me so many times about how draconian and heartless this place was

I went with him to see his wife once around Christmas, and this place was a soul sucking abyss... abandon hope all ye who enter

Two other clients all said the same kinda things about these places, even the supposedly fancy places aren't all they appear to be

If at all possible, my mother will live with me instead