HARTFORD, Conn. (AP) — The nation’s nursing homes are perilously close to laying off workers, cutting services — possibly even closing — because of a perfect storm wallop from the recession and deep federal and state government spending cuts, industry experts say. A Medicare rate adjustment that cuts an estimated $16 billion in nursing home funding over the next 10 years was enacted at week’s end by the federal Centers for Medicare and Medicaid Services — on top of state-level cuts or flat-funding that already had the industry reeling.- – – -Contact The Daily Reveille’s news staff at [email protected]
Waves of new federal, state fund cuts imperil US nursing homes
By The Associated Press
October 3, 2009