An important aspect of this momentous tragedy is that the coronavirus death rate has been significantly higher in private, profit-making homes than in not-for-profit homes. All this should heighten concerns about the role of profit-making in long-term care homes (also known as nursing homes). In fact, the crucial difference separating the private and public sectors is that the private sector is focused on profit-making. Certainly, Ontario’s three big private nursing home chains, which receive government funding under the same formula as not-for-profit homes, have been good at maximizing profits. Contrary to business mythology, the private sector doesn’t always do things better.

Source: thestar November 18, 2020 18:25 UTC