I saw that here a few years ago before there was an O care bill. A nursing home here in Maryland charging $6K per month ~ 2009 about $72K per year much comes from medicaid.
And at that they are still (appear to be) under-staffed compared to their patients needs.
You dont want to live to be in one of those places.
4.4% per year inflation in nursing home costs? Not to worry. The goverment assures me the ‘core’ inflation is 2% per year. Besides, my money market funds are paying me 0.5%. I’ve got it covered.
Just imagine the costs once the SEIU gets done with them.
Most patients in Nursing Homes are on Medicaid. I realize some are not but that is rare at least in Arkansas. Medicaid pays the NH 1,300 a month. That is it. That other figure takes in the cost of Private paying patients.