Saturday, September 22, 2007

Savage Capitalism

The ravages of rabid deregulation, brought to you by Today's GOP.

Profits Rise as Care Slips at Nursing Homes - New York Times
Habana Health Care Center, a 150-bed nursing home in Tampa, Fla., was struggling when a group of large private investment firms purchased it and 48 other nursing homes in 2002.

The Habana center quickly became a moneymaker for its investors as managers, hired by another company, cut costs. Within months, the number of clinical registered nurses at the home was half what it had been a year earlier, records collected by the Centers for Medicare and Medicaid Services indicate. Budgets for nursing supplies, resident activities and other services also fell, according to Florida’s Agency for Health Care Administration.
Precisely what kind of scumbag screws over Grandma for a buck?

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