![]() |
A mother with cerebral palsy in Buffalo is fighting to stay in her home and raise her daughter after a private equity firm took over the New York program that pays her aides. Within weeks, she was faced with assistants quitting because they were not paid properly. The new aides who replaced them were told they may not get paid on time or may lose hours. This program once gave 280,000 New Yorkers control over their care and kept them out of much more expensive institutions. Since the firm’s takeover, 80,000 people have been forced out. Our report Wall Street on Your Doorstep: Protecting Home Care from Private Equity Abuses shows how private equity has targeted home and community-based services across the country. These firms are the largest national providers of in-home specialized disability and pediatric care and are increasingly moving into elder care. They cut corners, pile debt onto providers, and pull millions of public Medicaid dollars out of the system. Families lose care. Workers get poverty wages. Children, people with disabilities, and the elderly are left stranded. As Aditi Sen, managing director of research and campaigns at Americans for Financial Reform, told NBC news, Wall Street’s control of home care is especially dangerous for people with physical, intellectual, and developmental disabilities, and for children. Aditi went on to expose how private equity-owned chains providing these services have a record of client neglect, undermining family caregiving and self-directed programs and eroding the basic autonomy of clients to choose how they are cared for and by whom. This is just one example of how AFR is leading the fight to stop this.
Families like Renee’s cannot wait. The number of people forced out of critical programs is growing, and the damage is spreading. Private equity has already consolidated hundreds of home care companies into a few giant brands and is positioning itself to dominate the market. If we let this continue, families will have nowhere to turn when they need reliable care. AFR’s research proves that this model is draining the system. Private equity is taking guaranteed public Medicaid dollars and turning them into dividends and fees. Every dollar siphoned away is a dollar not going to a caregiver, a child in need, or a person with disabilities who wants to live at home with dignity. With your help, AFR can expand our advocacy, pressure lawmakers to close loopholes, and amplify the stories of families like Renee’s until Washington has no choice but to act. Together, we can loosen Wall Street’s grip and return homecare to the people it was meant to serve. Thank you for working with us to protect patients and families from Wall Street’s home care abuses. Ericka. Ericka Taylor (she/her)
|
|

Aucun commentaire:
Enregistrer un commentaire