: I, a senior, did the math, but came to different conclusions.
Second, no one buys life insurance on their deathbed. We ought to have a system similar to the Canada Pension Plan, under which people and employers pay into a fund to support seniors in the community . This would take the burden of costs off government. Naturally occurring retirement communities are a new concept being piloted in various Ontario communities and elsewhere. NORCs are grassroots initiatives where residents of apartment buildings, condos or neighbourhoods organize and co-ordinate shared support services, so that seniors can remain in their communities longer.
The sudden loss of for-profit homes could not have come at a more dreadful time, when thousands of beds are needed. And many homes have not yet recovered from the horrific impact of the pandemic.