Nursing Home Trends
-
>80% of Nursing Homes commercialized
- Primary Goal is to make profit
- Current estimated costs for one year of care is between
$45,000 to $80,000
- Medicare only pays $8 of 100 until at poverty level
- Resident uses life savings
- Becomes indigent
- Then, the government pays
Information From:
http://www.cbsoft.com/fact/page2.htm