Large real estate investment trusts are looking to get out of the skilled nursing sector, according to the Wall Street Journal.
The Obama administration will not cut Medicaid spending in its upcoming 2014 budget proposal, according to senior White House advisor Gene Sperling, director of the National Economic Council. Sperling spoke Thursday at a Washington, D.C., event sponsored by Families USA, an advocacy group for healthcare consumers.
Nursing homes can survive recent Medicare and impending Medicaid cuts by embracing the use of technology to reduce staffing costs, said experts in a McKnight's webinar Thursday.
Nearly all states are enacting Medicaid cuts for fiscal year 2012 to deal with overwhelmed budgets and a slow economic recovery, according to a new report by the National Association of State Budget Officers and the National Governors Association.
An Arizona state Senate panel voted 8-5 in favor of bill that would cut the state's Medicaid program, which is known as the Arizona Health Care Cost Containment System. Arizona Gov. Jan Brewer (R) already has proposed dropping 250,000 existing beneficiaries from the program.
President Obama defiantly said he would fight any repeal efforts to his health care reform platform but added in his State of the Union address Tuesday night that he would remain open to ideas for improving it. He also called for more spending cuts to Medicare and Medicaid but didn't offer any specifics.
The Texas House of Representatives' budget proposal for fiscal 2012-2013 includes cuts to Medicare providers of 34%, which is three times higher than nursing home advocates expected.
In states such as Ohio, where budgets are getting more difficult to balance, Medicaid may seem like an easy target for cutbacks. But for every Medicaid dollar the state slashes, it loses $2 of matching funds, The Columbus Dispatch reported.