Profit-Obsessed Private Equity Is Now Dominating the US Hospice System

Re:Profit-Obsessed Private Equity Is Now Dominating the US H... by pcurve on Sunday May 28, 2023 @11:12PM (#36110185)

For our non-American friends on the board, check out how much Nursing home costs in the U.S. by state.

https://www.seniorliving.org/nursing-homes/costs/

I'll save you the click. It's $100,000 / year. ($350,000 if you're unfortunately to be in Alaska)

[ Parent | on HN ]

Re:Profit-Obsessed Private Equity Is Now Dominating the US H... by jti107 on Monday May 29, 2023 @12:48AM (#36110754)

damn...something to look forward to i guess

[ Parent | on HN ]

Re:Profit-Obsessed Private Equity Is Now Dominating the US H... by philjohn on Monday May 29, 2023 @03:19AM (#36111546)

UK isn't much better. 10 years ago when my grandmother went into an, admittedly VERY nice, private home and the fees were £1000 a week.

[ Parent | on HN ]

Re:Profit-Obsessed Private Equity Is Now Dominating the US H... by tstrimple on Monday May 29, 2023 @10:55AM (#36114599)

Half the average US cost for a VERY nice place sounds a lot better actually.

[ Parent | on HN ]

Re:Profit-Obsessed Private Equity Is Now Dominating the US H... by blinzy on Monday May 29, 2023 @04:05PM (#36117525)

When you take into consideration the median household income for both countries, the difference isn't as great as it sounds:

- US: ~$70,000 (source: https://www.census.gov/library/publications/2022/demo/p60-27...)

- UK: ~32,000 (source: https://www.ons.gov.uk/peoplepopulationandcommunity/personal...)

[ Parent | on HN ]

Re:Profit-Obsessed Private Equity Is Now Dominating the US H... by 93po on Monday May 29, 2023 @01:32PM (#36116056)

To be fair, a third of that is probably just the expense of rent. $66k remaining is $180 a day for the nursing care on top, which seems pretty reasonable aside from the messed up dynamics of medical care in general.

[ Parent | on HN ]