The New Math of Old Age: Why the Nursing Home Industry's Cries of Poverty Don't Add Up

Number 19495
Subject Nursing Homes
Source U.S. News & World Report
State DC
Year 2002
Publication Date Sept. 30, 2002
Summary Schmitt reports on the finances of the nursing home industry nationwide. "In an elaborate national lobbying campaign in 2002, nursing home operators used quality of care as a wedge to seek billions more in federal funding, saying lives would be endangered if the homes didn't get more money." U.S. News & World Report finds a very different picture: nursing homes are earning healthy profit margins, usually in the range of 20 to 30 percent; nursing home operators steer big chunks of revenues to themselves or related businesses; and there is no evidence that today's patients are sicker, as the nursing home industry has claimed.
Pages 13
Keywords health care;budget;legislature;group homes;patients;elderly;nursing home industry;lobbying;federal funding
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