There’s a lot of talk about San Diego’s high housing costs, but the conversation rarely extends to include assisted-living facilities and nursing homes.
The ballooning bill for seniors who live in facilities in Southern California is driving an increasing number of them to head to Mexico in search of more affordable care across the border.
Voice of San Diego’s Maya Srikrishnan looks into the growing trend in senior care.
Estimates put the savings in opting to move to Mexico for senior care at anywhere from 61 percent to 240 percent, Srikrishnan reports.
Medicare reimbursements aren’t accepted in Mexico yet, so there are some issues related to moving to Baja.
But San Diego developer Gabriel Andres Garzo, who’s building a mixed-use development in Tijuana and hopes to have an assisted-living facility as one of its tenants, told Srikrishnan that he thinks skyrocketing living costs in Southern California will continue to drive the trend.
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FYI. CASTRS and CALPERS Pension funds own it.
" In downtown San Diego, a local water conservation group staged a protest and march that stopped at banks they said are funding the Dakota Access Pipeline project. (10News)"
The company behind the pipeline is Energy Transfer Partners LP ...stock symbol ETP
More than likely the city,state and county pension funds own shares in it.