Skilled Nursing News November 21, 2024
Medicaid payment rates are insufficient to cover the costs of care, according to a new study that highlights the growing financial challenges faced by nursing homes serving Medicaid residents.
The research, conducted by the LeadingAge LTSS Center at the University of Massachusetts Boston and Miami University, reveals a widening gap between Medicaid reimbursement rates and the true cost of providing long-term care.
Medicaid payments covered, on average, only 82% of the costs associated with caring for Medicaid beneficiaries in nursing homes in 44 states during 2019, the report states. Moreover, nearly 40% of nursing homes reported that Medicaid payments covered 80% or less of their estimated daily costs, placing them in a precarious financial position. Some facilities even reported Medicaid...
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