Center for Medicare Advocacy has made available for download their special report, “Nursing Home Industry is Heavily Taxpayer-Subsidized.” The report begins as follows:
It is well-known that Government health care programs, Medicare and Medicaid, are the primary payers for nursing home care. The two federal programs paid facilities tens of billions of dollars for providing care to residents and were the primary payer for nearly 80% of residents. Far less known is that, in addition to receiving these direct payments, the nursing home industry also benefits from the extensive subsidies, through income-related public benefit programs – Medicaid, food assistance, housing assistance, heating assistance, cash payments, tax credits, and more – that help support its underpaid staff. The Government subsidizes the nursing home industry by billions of dollars each year by providing needs-based public benefits and earned income tax credits to its many low-wage nursing home workers.
To see the full report, click: “Nursing Home Industry is Heavily Taxpayer-Subsidized.”
Posted by Bella Hoang, Managing Associate Editor, Wealth Strategies Journal.