Isobel Mackenzie said a review of financial records from 2021 and 2022 shows that long-term care facilities operated by for-profit companies delivered 500,000 fewer care-hours than they were funded for by the province.
In comparison, facilities run by non-profit societies delivered 93,000 more care hours than what they were funded to provide.
“The funding formula that’s supplied is the same,” Mackenzie said. “And this is the result from that funding formula, where we are rewarding — if you view profit as your reward — not spending on the care.”
The province transfers about $2 billion a year to contracted operators to provide long-term care beds, which Mackenzie says is one of the largest annual fund transfers on the provincial budget.
This is what privatizing healthcare gives … more profits to the companies and less care to us.