Medicaid's looming strain as boomers age and pay asks rise
Washington report details how a typical couple drained savings to cover costly nursing home care and turned to Medicaid. It notes two thirds of elderly nursing home patients rely on Medicaid, costing taxpayers 24.2 billion in 1995, with long term care forming about a fifth of program costs. governors warn of capped federal matches as states bear more. projections show 85+ population rising sharply by 2030 and beyond, increasing demand for care.
MENTIONED IN THIS ARTICLE
Washington
Judy Kramer
Kramer
Ilver Spring
America
Chuck Grassley
Iowa
Senate
Special Committee On
Edicare
Ivate Health Insurance
National Governors’ Association
Son
Washin
Medicare Commission
John Breaux
D-La
Breaux
Minnesota
Mary Kennedy
Census Bureau
Nursing home giant shifts patients away from Medicaid
Washington AP reports Vencor Inc one of the nation’s largest nursing home chains moved last month to clear Medicaid reliant patients from some Florida and Indiana facilities. Executives say Medicaid payments are inadequate while private payers cover higher rates, and the company aims to fill beds with those who can pay. Analysts warn the move signals broader market shifts as aging boomers may favor quality care for those who can pay, with Congress considering limits on evictions of Medicaid patients.
MENTIONED IN THIS ARTICLE
Washington
Encor Inc
Florida
Indiana
Paul Willging
American Healthare Association
Art Nursing Homes
Vencor
W. Bruce Lunsford
Lunsford
Willging
Congress
Illging
New Jersey’s feuding senators bury hatchet in peace move
Senate companions Lautenberg and Torricelli, once at odds, exchanged letters and rode a chartered plane home together to New Jersey. They will share the plane cost and attend the New Jersey Legislative Correspondents Club dinner, where humor touched on their frictions.
MENTIONED IN THIS ARTICLE
Washington
New Jersey
Frank Lautenberg
Robert Torricelli
Senate
Tom Daschle
Torricelli
Lautenberg
McGrath
Congress
Also Mentioned on This Page
Silver Spring
Senators
Samsonite Silhouette
Samsonite
Ultravalet
Dillard’s
Dillard's
Visa
Mastercard
American Express
Discover
Diners Club
Music City Mall
Charles Marie’s
Andrews Hwy
Charles Marie