Irving Stackpole Discusses Challenges Facing Nursing Home Industry

Harry engages in a thought-provoking discussion with Irving Stackpole, a consultant to the long-term care industry. The conversation delves into the challenges and insights surrounding elder care and the evolving landscape of long-term care services in the United States. Stackpole shares his expertise on the demographic shifts and supply-demand dynamics in the aging services sector, highlighting the need for transformative changes in the infrastructure of long-term care. The conversation explores the transition from nursing homes to assisted living facilities and home care, emphasizing the importance of addressing the diverse housing and care needs of aging populations. The discussion sheds light on the economic, social, and policy implications of the evolving long-term care industry and calls for a reevaluation of long-term care financing and investment strategies. Overall, the podcast offers a critical reflection on the complexities and challenges of the current long-term care system and underscores the urgent need for innovative solutions to meet the changing needs of aging populations.

Topics

00:00 Introduction to the Aging Crisis in America

00:49 The State of Long-Term Care: A Grim Outlook

04:09 Exploring Solutions and Innovations in Elder Care

14:11 The Economic and Social Impact of Nursing Home Closures

25:22 Policy Recommendations and Personal Advice for the Future

Risking Old Age in America