Nursing homes receiving Covid patients were most likely to receive the $13,000 per patient from the federal government.
15,000 patients @ $13,000 each = $195,000,000 to the nursing homes.
Annual cost for each patient in a NY nursing home is approximately $146,000 per patient (for shared rooms) - many of which are paid for by Medicaid which is paid to NY State, then disbursed as NY State decides.
15,000 patients @ $146,000 each* = $2,190,000,000.
This is $2.19 Billion that Cuomo saves on elderly nursing home patients to use towards other Medicaid expenditures.
*Source:
Nursing Home Costs by State and Region: Updated Jan. 2021
https://www.medicaidplanningassistance.org/nursing-home-costs/
A major problem with government healthcare.
When they decide to cut costs.
Best financial benefit is to let a patient die.
True of private insurance too but they are regulated and have lawsuits and have competition. The government is immune to this. It regulates itself ha ha.