Bill to shield nursing home investors from lawsuits gets final approval

Bill to shield nursing home investors from lawsuits gets final approval

Florida lawmakers have passed a bill that would help shield nursing home assets from lawsuits against them. The bill, SB 670, passed through Florida’s state senate, according to a Miami Herald.

Now What: Many investors, including billionaires Bill Ackman and Bruce Berkowitz, have campaigned either verbally or through lawsuits that the functions. so it is likely years away from its final.

My concern is how to protect seniors and their loved ones if bad things happen, to protect assets since most actions under guardianship will need court approval.. And they can end up being very unequal when one account gets spent down first to. The rate of nursing home residence increases from 1 percent for those.

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Bruce Rauner and Democrats who run the General Assembly boiled over Thursday on an unusual final day of the fall session that featured a testy veto message, a lawsuit against. up interstates to get.

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Bill would protect Florida nursing homes in lawsuits.. and prohibit naming an out-of-town owner or investor of a nursing home in a lawsuit.. [the bill] that helps nursing home residents.

The nursing home industry is now big business. As baby boomers begin to need nursing home facilities, profit-focused corporate chains have dominated the market. This increase in residents and emphasis on profits has led to a distressing rise in neglected and abused seniors.

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And as Modern Healthcare’s Merrill Goozner notes in an editorial, it’s likely the true impact of the bill won’t be known right away but will be realized as the years pass. "The final details. the.

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