this post was submitted on 23 Sep 2024
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[–] [email protected] 5 points 1 month ago* (last edited 1 month ago)

This is horrible.

It would be reasonable to assume that the lack of LTC supply is at least partly because it's not profitable to have extra spaces you're not using.

That lack of supply makes it more likely that seniors would have to look at places further away.

Plus, the people profiting off LTC are folks like former Conservative Premier Mike Harris, who not only used to be chair of the board of Chartwell Retirement Residences, but has also owned millions of dollars in company shares (as of 2022, Harris no longer controls >10% of the company, so he doesn't have to file public disclosures of his holdings).

https://burlingtongazette.ca/its-time-that-we-take-the-words-private-and-profit-out-of-how-we-care-for-our-seniors/

While premier, Harris also pushed hard to privatize the industry that he would later benefit from.

This looks like another case of Ford making sure his buddies rake in as much money as possible, even if it causes human misery.