ALERT: Lawmakers ponder nursing home reimbursement increase
Florida lawmakers should earmark any new nursing home dollars solely for resident care and safety
According to a new TC Palm report published over the weekend, Florida lawmakers are considering lifting the freeze on the annual Medicaid reimbursement increase for nursing homes—held in check since 2011.
While additional revenues for nursing home resident care is something Families for Better Care fully supports, lawmakers have to make sure that any nursing home budget package is tightly wrapped with “strings-attached money,” said Brian Lee, Families for Better Care executive director.
“The nursing home sector
remains a veritable gold mine”
Because earnings reports continue to show that the nursing home sector remains a veritable gold mine.
The TC Palm reports that property investors covet nursing homes and are willing to pay a high premium for nursing home beds. This has resulted in tripled bed values over the past decade, skyrocketing from “$20,000 per bed in 2004 to $78,000 in 2014″. These record-setting bed values are a powerful indicator of a robust and growing nursing home market.
So the last thing elderly residents need is for the Legislature to write a blank check to already wealthy nursing home owners so they can pad their pockets or frivolously waste taxpayer funds on initiatives that may do little to improve overall care.
Families for Better Care recommends that you immediately contact your legislator and demand that any increased reimbursement rates should be specifically earmarked for hiring and training additional frontline caregivers and professional nursing staff to ensure residents are afforded the safest care possible.
Click here to find your legislator and call today.