Disability
In reply to the discussion: Assisted living costs [View all]iamateacher
(1,105 posts)Corporations do not make money. Both Genesis and Manorcare, two of the largest chains, are coming out of bankruptcy. Manorcare is now non-profit.
The regulations, both fed and state are unbelievable and very complex, with more regs added every year... Because of increased home care services
the people going into nursing homes and assisted living are sicker than they used to be. ( Patients can stay longer at home. Home care services in Pa. are generally $20 an hour.)
Staffing of nursing homes and assisted living is an ongoing issue, as is upkeep of facilities.
Btw, most continuing care communities (combo of assisted, independent, and musing home) have a buy-in where you have to pay a large amount to get into the community. In the East coast it is about 100,000 to 200,000 thousand at the minimum. So, you sell your home to get in...
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