If the facility can't keep the wages to revenue ratio within certain boundaries there is no profit hence why many not for profits have shut up shop, retirement village operators subsidise their care operations with profits from unit sales when necessary.
isnt that good.? anyway how do not for profit operators in aus survive then.
Your homework for the week bull is to work out why it actually isn't good.PS-A bit of lateral thinking will be required to figure it out.
i dont need too.
my opinion is aged care should be not for profit full stop and i view it as unethical when it is done for profit. i must ask some kiwisaver providers where they stand on this matter.
my opinion is aged care should be not for profit full stop and i view it as unethical when it is done for profit. i must ask some kiwisaver providers where they stand on this matter.
my opinion is aged care should be not for profit full stop and i view it as unethical when it is done for profit. i must ask some kiwisaver providers where they stand on this matter.
I would think KiwiSaver providers would stand behind most of us in this forum on this matter. I would say Skycity as unethical, but the ages care/retirement villages? This is a supply and numbers game. We need care for the elderly!!! The government supplies the legislation and the companies supply the business model to that legislation. The government has nowhere near enough money to provide aged care for all New Zealand’s aging population. I for one have spoken to many residents at villages in Napier and they love it. They all have different stories, but they love the social interaction villages provide. I could go on but sorry you need to see the broader picture here bull. Ask Percy he was looking at going into one recently (at some stage) he could let you know what he thought making an informed decision.
my opinion is aged care should be not for profit full stop and i view it as unethical when it is done for profit. i must ask some kiwisaver providers where they stand on this matter.
I am sure they will be "absolutely delighted" to hear from an idealist such as yourself and to have to explain their position to you.
I couldn't agree more with Couta1's response to your post.
Shall we make it unethical to provide all goods and services to the elderly for a profit, food, vehicles, electricity, houses, airfares...all these things should be provided at cost right...lol
Last edited by Beagle; 17-09-2018 at 09:49 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
And back to the share price. Come on now.....Which one of you guys Have been selling Sommerset today to buy OCA .? Bit of a drop in SUM. and a rise in the other.....
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Originally Posted by couta1
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