The Scandal of UK’s £15.1 Billion+ Elderly Cash Cows. ‘The hottest investment sector of the decade’.

older-woman-medicines

Some months ago I’d seen a sign go up on a slightly dilapidated Victorian house – Alzheimer Nursing Home

And driven past its silence most days, wondering about the lives inside.

I saw a large dinning table and chairs through its windows but never a person.

Short plump ladies in blue overalls went in and out .

Once a white aproned man stood smoking outside and a black suited lady alighted a 4 by 4..

But no residents.

Then last week a tall older lady sprinting along the road caught my eye.

Without bag, or key .dressed in a spotlessly white cardigan and patterned, belted polyester dress, her neat dyed auburn curls freed in the breeze.

Her face ecstatic.

Appearing to embrace  the air, the sun and trees and the euphoria of freedom.

Rarely had I seen such a look of joy and expectation.

Later it struck me she was most likely a resident.

And the pathos of the futility of her escape and her last moments of freedom hit hard .

She is one of nearly a million increasing every 3 minutes The Alzheimer Society quote and on whom their recycled profits depend.

As do the experts, lawyers, social workers, trainers, nurses, GPs, care agencies, community groups, charities, pharmacies and Health and Social Care Private owners.

As with the disabled, children, education, prisons; the old are our the new growth industry.

The Care Act 2014 diluted ‘capacity’ to ‘difficulty making a decision’, and £ 433 million has been paid to LAs to safeguard and feed this industry.

https://finolamoss.wordpress.com/2014/11/20/carers-act-2014-care-to-ensnare/

https://finolamoss.wordpress.com/2016/05/19/how-will-433-million-carers-act-implementation-money-be-spent/

Anyone can assess a person covertly and remove their decisions and property, making them ‘insentient’ with no rights for life.

The Court of Protection is secret and unchallengeable .

An ‘altzeimer tax’ was unnecessary, as all property is seized by the state via COP, and powers of attorneys and Guardianships voided.

The lady in the white cardigan and her family didn’t stand a chance.

And May’s Queens speech promises consultations and more information for families on the care provided.

But not for all those families deemed ‘abusive’, or if, as it usually is, such information provision may prejudice service provision and not in the ‘cared’ for’s ‘best interests’.

And what is the use of information per se, particularly, from those providing the service?

No spy cameras will be allowed.

No check on services or medication, except by those who commissioned them, and a paper check by a CQC with no teeth.

There appears to have been no improvements to elderly care since it was exposed abusive years ago in Panorama’s ‘Behind Closed Doors’

http://www.bbc.co.uk/programmes/p01y7ygj

So why the push to help our elderly ? Why the concern that  family not be burdened?

In 2014 Anchorage Capital saw their second block care home sale in less than a year – 27 British Care Homes to the Wall St hedge fund responsible for the sale of Hollywood film studio Metro-Goldwyn-Mayer .

The Financial Times reported a ‘global appetite’ form US, Asia – Pacific and Middle Eastern hedge funds for Britain’s then £15.1 billion care home sector.

https://www.ft.com/content/6da9f5bc-f08d-11e3-8f3d-00144feabdc0?mhq5j=e3

In 2015 the Bureau of Investigative Journalism urged Minsters to investigate the buy to let boom in care homes which involved Dementia UK and Lancashire County Council..

https://www.thebureauinvestigates.com/stories/2015-12-11/ministers-urged-to-examine-new-buy-to-let-boom-in-uk-care-homes

https://www.lovemoney.com/news/48163/care-home-investing-ethical-alternative-investments

Yet despite profit motive and conflict of interests, our new government proposes even more money be siphoned off into this sector, to solve its problems, and care home closures, caused not by a shortage of money, but by greed,  lack of accountability, lucrative  buy outs and alignment for maximum profit take overs.

http://www.health.org.uk/publication/spotlight-dementia-care

It is no coincidence that our latest social epidemics- altzeimers, mental disability, adult and child abuse allow court enforcement of services for huge and increasing private profit.

Think about the millions already made in deals which, Graham Rowan, a wealth coach, described as ‘the hottest investment sector of the decade’.

How could such a sector be cash strapped ? Do hedge funds, or indeed anyone, invest in a cash starved sector ?

And think of how this money is made, on the backs of old ladies in cardigans, who should be helped to live at home with their families, not forcefully medicated and hidden in misery from society for profit.

http://www.laingbuisson.co.uk/MediaCentre/PressReleases/SocialCareConference2016.aspx

 

old lady rainrun-og

 

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