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Nursing Home Crisis

October 5, 2009 1 comment

Nursing Home Crisis

“A Medicare rate adjustment that cuts an estimated $16 billion in nursing home funding over the next 10 years was enacted at week’s end by the federal Centers for Medicare and Medicaid Services — on top of state-level cuts or flat-funding that already had the industry reeling.”

“And Congress is debating slashing billions more in Medicare funding as part of health care reform.”

“In Washington, D.C., health care interests are resisting President Barack Obama’s plan to pay for his health care overhaul by slowing Medicaid and Medicare spending. Obama wants to trim $313 billion from the two programs over 10 years.”

“A University of Pittsburgh study earlier this year found nearly 1,800 nursing homes nationwide closed from 1999 to 2005, about 2 percent each year.”

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