Saving the Lives of Our Own
Posted By savinglives on February 5, 2009
The Motion Picture & Television Fund Long-Term Care unit is planning
to evict 130+ of its oldest, weakest, most needy and disabled
residents beginning in mid-March. This decision affects not only
those residents in Long-Term Care, but every resident in assisted and
residential care on the Wasserman Campus who may one day require the
next level of care.
Officials said poor state reimbursement rates was a main reason the
nursing home and hospital had run $10 million operating deficits for
the past four years. However, public records show a profit margin of
approximately 12% for 2006-7 with a 9.5% increase in net assets in
2007 alone.
When asked by members of Saving the Lives of Our Own, CEO Dr. David
Tillman responded that no amount of money could be raised that would
change the decision to close the facilities.
It is imperative that we reinstate the original goals of the Fund: to
care for members of the Industry and provide a long-term safe haven
for veterans in their time of greatest need. We still want to “Take
Care of Our Own.”