New Research: The Hidden Profits of Nursing Homes
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New Research: The Hidden Profits of Nursing Homes
https://bigfiscal.substack.com/p/new-research-the-hidden-profits-of
An NBER working paper (Tunneling and Hidden Profits in Health Care by Ashvin Gandhi & Andrew Olenski) on the nursing home sector reveals extensive profit tunneling, particularly in real estate and management services. This involves nursing homes purchasing services from related entities at inflated prices, effectively transferring profits and concealing the true financial state of these providers.