The Political Economy of Nursing Homes

In: The annals of the American Academy of Political and Social Science, Band 415, S. 95-105

Abstract

The recent report of the Senate Labor Committee indicates that some new comprehensive & humane rethinking of our overall approach to private pensions is clearly needed. Controversy over the reform of pension plans has focused on vesting, funding, fiduciary standards, & the prohibition of unethical conduct & conflicts of interest in the handling of pension funds. These issues are discussed in terms of the present situation: (1) the dimensions of the pension industry; & (2) the current legal framework within which the industry operates & the techniques of the professionals in the field are analyzed. The issues are discussed with reference to the proposed pension reform bill which is pending before a Senate-House conference committee. A legislative assessment is given stating that bureaucratic lassitude is a factor in the failure of government regulations in addition to corruption & industry/government links. Modified HA.