Medicaid is underfunding nursing homes by at least $4.1 billion annually, according to a study based on 2001 data. The study, performed by accounting firm BDO Seidman, was conducted for the American Health Care Association, which represents long-term-care providers. On a per-patient, per-day basis, nursing home expenses exceed Medicaid reimbursement by $11.55 on average, the study said. Nursing homes in New Hampshire face the greatest reimbursement gap -- $28.18 per patient, per day. Read the report. -- by Tony Fong
Medicaid pays billions less than nursing home costs: study
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