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Stock impact report

Democratic lawmakers demand answers on nursing homes' staffing, corporate spending [USA TODAY]

National HealthCare Corporation (NHC) 
NASDAQ:AMEX Investor Relations: nhccare.com/investorinformation.cfm
Company Research Source: USA TODAY
In letters sent Sunday to executives of three large chains, Sens. Elizabeth Warren, Bernie Sanders , and Richard Blumenthal and U.S. Reps. Jan Schakowsky and Lloyd Doggett questioned the nursing homes' spending on executive compensation, stock buybacks, and dividends as the industry protests a new staffing rule for nursing homes. The letters, signed by the four Democrats and Sanders, a Vermont Independent, said National Healthcare Corp., the Ensign Group, Inc., and Brookdale Senior Living Inc. spent nearly $650 million on executive pay, stock buybacks and dividends since 2018. The lawmakers said such spending undermines "the claim that nursing homes cannot afford to pay for enough staff" to meet the new rule. Industry group objects to federal minimum staffing level Last month, the Biden administration announced a new rule that requires nursing homes that receive federal payments for care to meet minimum staffing requirements for registered nurses and nurse aides. The rule manda Show less Read more
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