Home health industry fights minimum wage rule

Discussion in 'Economy' started by hvactec, Mar 11, 2012.

  1. hvactec

    hvactec VIP Member

    Jan 17, 2010
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    New Jersey
    By Kelly Kennedy, USA TODAY

    WASHINGTON – Home health care companies are leading the fight against an Obama administration proposal to require them to pay their workers the minimum wage, despite data showing that the industry was one of the few nationally to maintain profits during the worst of the recession.

    One of the industry's leading companies, Home Instead Senior Care, spent at least $362,000 in 2011 fighting the proposal while it also touts an 18.8 yield ratio of investment to revenue, which was the highest in the group reviewed by the magazine Franchise Business Review.

    A spokesman for Home Instead sent a news release from the Private Duty Homecare Association stating that the proposed rules would cut employees' hours and, ultimately, hurt caregivers.

    read more Home health industry fights proposal to require minimum wage

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