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Reply to "Elderly parent is on Medicaid in nursing home, will they lose financing? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]My spouse is an executive VP in the LTC business. They are not panicking yet. But everyone acknowledges that Funding may be lost. If that happens your relative will be evicted if that is their payor source. And if the home shuts down, there won’t be any chance of them being forced to keep people who don’t/can’t pay. Thing is that this is an evolving situation and no one knows what will be affected. But the places that will be hit the hardest are those with insufficient private pay to cover the losses. [/quote] So in other words, the less expensive places in rural areas and elsewhere that do not depend on private pay will close. The tony places in DC that charge $20k a month and serve the elite will remain open. [/quote] Yes, and the latter do not take Medicaid.[/quote]
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