12/29/21 by NPR
Archbishop Desmond Tutu, a legendary leader in the fight to end apartheid in South Africa, died Sunday at age 90. After Nelson Mandela was elected president in the country’s first democratic election, he asked Tutu to chair South Africa’s Truth and Reconciliation Commission, which examined the crimes of apartheid. Tutu preached the healing power of forgiveness. The Nobel Peace Prize-recipient spoke with Terry Gross in 1984 and 1999.
This year was supposed to be one of recovery, but it has been far from that.
It began with the insurrection at the Capitol, a second impeachment of former President Donald Trump and President Biden's inauguration. As the year went on, Trump continued to lie about the election results while he remained one of the most popular figures among Republicans.
With new coronavirus variants, the deadly pandemic has continued to drag on. And even though the stock market has boomed and unemployment is down, Americans have felt the pinch of rising prices. Biden has paid the political price, ending the year with his approval ratings at their lowest point since his taking office.
December 28, 2021 - As we get ready to turn the page to 2022, one hesitates to continue to discuss the COVID-19 pandemic. However, the fallout continues, with fresh ramifications for the long-term care industry. The industry continues to receive heightened scrutiny following the pandemic, and New York's legislative answer to the concerns are set to hit nursing home businesses in New York as of Jan. 1, 2022, with a cap on allowable profits. The impact on capital outlays and acquisitions remains to be seen.
Both legislatively and through executive action, the State of New York began introducing fresh proposals impacting nursing homes in March 2021. The goal of the legislation was to ensure nursing homes, which receive government funding, spend at least 70% of their revenues on direct resident (patient) care, 40% being utilized directly to pay staffing costs for resident-facing staffing such as registered nurses, licensed practical nurses and nursing aides, with requirements on the minimum number of hours such staff need to spend with a patient per day.
Additionally, which is the larger concern of the two items, New York decided that nursing home businesses should not be operated for profit and, effective Jan. 1, 2022, it has capped allowable profits for nursing home businesses at no more than 5%, as determined by revenue and expenses reported on Medicaid cost reports.
Source: 2019 ACS5 Table No. B25038
