Pocket Bridgeport

Do we need more federal intervention Stop speculation on the nursing home industry?

When Connecticut Attorney General Richard Blumenthal was submitted to Congress a few weeks ago to discuss the need to strengthen supervision in the field of nursing home, also spoke of the injury one of the worst episodes now siphoning in recent memory, as bad or worse than the Enron Fiasco, but much less known.

Blumenthal described his experience in the ongoing fight with Haven Health, one of the administrators of the largest nursing home in Connecticut. The company has grown to give 25 nursing homes in New England, 15 in Connecticut during the 1990s, sought Chapter 11 protection from bankruptcy in November. The filing came the same day of holding a presentation in three parts by the local newspaper, The Hartford Courant, and just two days after CEO Ray Termini reiterated its firm "commitment with quality care, adequate staffing and financial management. "

However, after the declaration of the Hartford Courant and documents published court after the bankruptcy, we know that Termini is committed to one thing: take the money to the families of the elderly and the sick and to put in his pocket.

An audit by the Department of Social Services found that Termini misappropriated more than $ 15 million active account in the chain of residences elderly in their personal investment and current wife. The money from the bank account of his wife has been used to buy houses in Connecticut and Florida, rental properties in Connecticut, and a $ 1.5 million yacht.

The Termini main investments were in Category 5 Records, a label headed by Nashville country singer Travis Tritt. This company has received nearly $ 9 billion in loans Haven of Health, in addition to the purchase of your home to 2.1 million U.S. dollars, with more than half of silver one million.

While this money has been diverted, the company ran nursing home staff minimum necessary to avoid serious penalties, well below Average national level staff, and was cited for violations to the attention of many, with one of his houses is the most fined the state of Connecticut. Moreover, the company has received millions of dollars in reimbursements from Medicare to pay for medicines at home, but have not paid their bills, buying 20 million of debt medical providers. It does not pay property tax on houses, or even the electricity bill. In December 2005, heating oil for a nursing home has been arrested for late payments, and in January 2006, Connecticut Light & Power, has threatened to close the electric service to six nursing homes operated by the society.

Although this is one of the worst examples of corporate profits in the market for nursing homes, is far from being an isolated incident. Consider the case of National Health Care Associates, Inc., financial crimes have not been fully exposed. What is known is that it operates nursing homes in Connecticut and New York that are equipped personnel and sufficient funds through sham companies designed to divert the negligence of the parent company. When people file lawsuits against the nursing home, simulated company folds, the protection of the parent company of responsibility. The shield is a shell company dry of an entity, Barely Legal, and bankruptcy is like trying to squeeze blood from a turnip.

Therefore, greater Federal oversight will protect against this kind of piracy capitalist? Blumenthal offers a powerful state and federal partnership that can track the onset of cluster Financial nursing, and a strike force to investigate corruption quickly a nursing home. In addition, States would be required to carry out audits are regular to prevent bleeding inside information of companies and business fronts.

However, such monitoring is expensive, and decreased the financial solvency of many states to jeopardize the bleeding and executive branches of Federal government personnel Wars in our leaders, it seems unlikely that the government the state or the federal government has the power to fulfill its market share.

Perhaps the only possible solution to this problem is to eliminate the benefits of the equation. Enron, MCI WorldCom and other companies show that whenever there are benefits achieved, leaders find ways to filter the money to his personal account, while the slides bankruptcy of the company, employees and taking the economy with it. In terms of nursing homes, the failure of companies also endangers residents, not only in terms of their livelihoods but also their lives. This is a risk too great, and we need a system that makes health care for old way, not only a means for profit.

Until we can achieve this new system, the only way to protect your cons about home of elderly abandonment is constant vigilance. A personal injury lawyer Personal can help you hit the jackals of the companies where it hurts: their benefits, but in some cases, you must act quickly to make your dress before your loved one has suffered the full extent of the damage as possible and before the jackals can disperse the body, leaving only the bones of the management company behind.
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