[Landru]

"Things don't look too good, Mr. L. If nursing home owners can't turn a profit, they'll get out of the business. And it looks like the constant litigation will make the business unprofitable."

Well there're states where some of the nation's largest LTC Corporations have alread sold their operations because of the bloodsuckers.
FL is but one, CA isn't that far from finding themselves without LTC facilities, too.

If AhhhnOOOed thinks he "crisis" now, he ain't seen nothing yet should the LTC corps leave CA because of over regulation & a pay plan for Medicare patients -- & that's just about everyone now days -- that's already below the break-even point it costs to house these people.

...such as is the case right now.

[3catsanadog]

Talk about most residents on Medicare medical assistance. Phew! My dad's monthly rent at the nursing home is $4800.00 a month. Ate up his savings many, many moons ago.

All he has left is the house that I'm living in but I've got to sell it sooner or later because I can't keep up with the taxes. Once I sell it, the nursing home gets all the proceeds. If he dies and there are still proceeds left over, the nursing home gets half and me and my sister get the other half.

For those of you clueless so far about the financial aspects of nursing homes, the resident has to use up all their assets before medical assistance can kick in. I'm talking all investments, iRA's, even have to liquidate their life insurance policies. Mom and Pop are allowed to keep $2400.00 for funeral expense. I don't think you can buy a pine box for $2400.00 any more.

And when it's time to apply for medical assistance, get ready to go through and provide financial records for the past 3 years. I mean every sheet of paper with a dollar sign on it.

Have fun!