“What’s better for senior living and care — the market or government?”

“What’s better for senior living and care — the market or government?,” by Stephen A. Moses, McKnight’s Senior Living

Quote:

“The senior living and care business encompasses a wide range of services, including independent living, assisted living, memory care, skilled nursing and home care (including home care provided in the aforementioned settings). Private-market forces prevail in independent living and, somewhat less so but predominantly, in assisted living. Government funding and regulation prevail in home care, skilled nursing and, less so but significantly, in assisted living. By most measures, the more market-based independent and assisted living sectors fare better economically over time than the more government-dependent sectors. Why?”

 

LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:

Click through to read the answer.