As part of a broader set of national policies, President Biden is seeking to improve the safety conditions for residents and staff of retirement homes to increase facility emergency preparedness and follow practices to curb the spread of infections.
Dean Baker, senior economist at the Center for Economic and Policy Research (CEPR), retweeted a post shared by Jeff Hauser, the founder and director of the Revolving Door Project, about Biden promising to crack down on all underperforming retirement homes. in the USA. According to the data, more than 200,000 residents and staff have died from Covid since the start of the pandemic.
The White House has announced it is expected to launch plans to bolster care home staffing and oversight, blaming the Covid deaths of care home residents and staff as being caused by inadequate security conditions . Officials said the plan would reduce staffing levels, introduce single-occupancy rooms and crack down on underperforming nursing homes to reduce the risk of residents becoming infected with the virus. The White House also said it would review the role of private equity firms, citing evidence that their ownership was linked to poorer results and higher costs.
The initiatives are part of President Biden’s national plans, which he is seeking to project in his first State of the Union address. Nursing homes have been an epicenter of the spread of Covid during the pandemic, as the virus initially spread rapidly through care facilities before vaccines became available in 2020, then continued to sicken and kill residents at an accelerated pace last year.
Biden will also ask Congress to provide nearly $500 million to conduct health and safety inspections at nursing homes. Thousands of long-term care facilities were not inspected in the first months of the pandemic due to lack of safety equipment and personal protective equipment (PPE) for inspectors and the fact that some states prioritize remote visits.
Stephanie Kelton, economist, professor at Stony Brook University and senior fellow at the Schwartz Center for Economic Policy Analysis at the New School for Social Research, retweeted a post shared by Laura Routh, former WIC program nutritionist and textile maker, on Biden’s $1.9 billion Covid relief bill, barely adding to inflation. A new report, Kelton added, has found that the hotly contested Covid package is responsible for adding just 0.35% points to inflation.
Kelton thinks inflation only got uncomfortably high when the Delta variant hit late last summer in the United States. This inflation came as a surprise, as did the emergence of the variant, which emerged immediately at a time when vaccine rollout had just begun and amid widespread optimism that the pandemic was gradually fading.
Delta crushed consumer demand, it prompted new border restrictions and a self-quarantine, which would moderate inflation but also severely disrupt supply. As a result, supply chain bottlenecks prevailed across the world, particularly hitting those in Southeast Asia where populations were less vaccinated and where most supply chains begin, a- she added.
She further added that some ways to improve price stability in the short term included fighting the pandemic, decongesting ports, removing non-strategic tariffs, licensing more truck drivers, negotiating prescription drug costs and the move to Medicare for All.
Scotiabank Vice President and Deputy Chief Economist Brett House retweeted an article shared by Scotiabank Economics about Chile’s unemployment rate rising to 7.3%, but solid gains continue in formal employment . Meanwhile, economic activity increased in Mexico in December, but January’s trade balance posted a record deficit of $6.3 billion, in part due to Covid-19 increases in the country and its partners. commercial.
In Chile, the employment gap with pre-pandemic levels was reduced to 350,000 jobs, of which 153,000 corresponded to men and 197,000 to women. However, formal job creation has remained strong in the country, with the extension of the Work Emergency Family Income (IFE) in the coming months expected to provide a greater cushion to formal job creation, which has a gap of 162,000 jobs to fill from pre-pandemic levels.