While the report says nothing about individual homes, it does raise some red flags about which states do the best and worst in terms of measures from % of facilities with severe deficiencies to staffing hours.
And this is at today's levels of reimbursements, and today's nursing home populations. What will happen as those reimbursements continue to plunge in the wake of Obamacare's implementation ... and as we Baby Boomers begin looking for LTC facilities?
Senior Housing News issued this sobering alert last November: Obamacare and Medicare cuts could force up to 50% of nursing homes out of business. There are lots of factors, the report points out -- including "$716 billion taken from Medicare in the next decade to help fund President Obama’s monumental healthcare reform bill."
For a closer look, click here. You might then want to consider investing in some long-term-care insurance ... looks like there might be some serious competition for limited nursing-home beds down the road.