You and I may not agree but my “opinions” are based on natural law and yours are based on wishful thinking. You cannot refute what I say any more than you can refute gravity. You cannot have health care in a society that lacks the infrastructure to support it. The number of patients are increasing but the infrastructure is being decimated by government regulation. Not only that the country is not financially sound and is in no position to build it where it needs to be.
Anything that is done to increase the health care industry’s productive capacity will in the short term raise prices and drive out those that are on the margins that can barely afford it. As the middle class gets smaller and smaller – and it currently is – there will be fewer patients that can afford long term care. Any more government involvement will only hurt the health care industry’s ability to recover. There will be fewer and fewer quality employees working in the health care industry as government gets more involved. In fact “long term care” will just be seen as a burden by the tax-payer.
Oh don’t get me wrong. Rich people will still get good care but there will be less and less of them.
Long term care to a greater degree is FUNDED by the government. Perhaps you’ve heard of the terms Medicaid and Medicare? The majority of residents in a Skilled Facility are comprised of these two types of funding. The funding will continue as our government continues to get fatter.
Private pay is a different entity. The folks with money (and there are still plenty of them out there), are more inclined to reside in Assisted or Independent Living communities. the culture of LTC is moving towards “Aging in Place,” and the demand for AL and IL communities is increasing every day. In fact, SNFs (Skilled Nursing Facilities) are on the decline.
All of this is positive news for my partners and me.
I genuinely appreciate your concern for my well being, but again, I’m not worried. My company has grown at a 20% -30% clip for 26 straight years and is the premier supplier in our market. While most Fortune 500 companies are reporting reduced or negative growth this year, we are on pace for a 19% increase.
Did I mention we have ZERO debt and a surplus of cash?
We’re not going anywhere.