Many nursing homes don't pay minimum wage
Saturday, January 22, 2022 5:04 PM

Related Stories



"This report reveals a truth many would not believe -- today's nursing facilities are paid less than the minimum wage," Mark Parkinson, president and chief executive officer of the American Health Care Association, says in a statement.

"That must change if we ever hope to serve the needs of a baby boom generation that will only stress our care delivery system further."

The study, conducted by the research group Eljay, finds Medicaid programs in states across the country underfunded nursing facility care by $5.6 billion in 2010.

Nursing-home providers often turn to other sources of funding -- primarily Medicare -- to fill in the funding gaps resulting from inadequate Medicaid payments. However, Parkinson cautioned with many states faces budget deficits, there is a danger of allowing an already squeezed Medicare system to prop up Medicaid payment rates.

"There is a vast gap between the actual cost of providing quality elder care and what the Medicaid program truly finances," Parkinson stated.

Medicaid funds 64 percent of the care for the elderly and disabled provided in America's skilled nursing facilities.

(Source: UPI )
(Source: Quotemedia)
 

Sponsors

Symbol :

Advertisement

Market news:

  • Aaron vs. Jay, Packers vs. Bears in NFC title game Jan 23, 2022 02:48 PM

    • CHICAGO - Aaron Rodgers and Jay Cutler are two young quarterbacks on the rise, blessed with slingshot arms and nimble feet.
    • And both men have a chance to cement a place among the NFL's top quarterbacks when the Green Bay Packers and Chicago Bears revive their historic rivalry in Sunday's NFC championship game at Soldier Field.
    • "Once you get to these games, it is a quarterback's game," Bears coach Lovie Smith said.
      • Schiavone wins longest women's major match Jan 23, 2022 02:48 PM

        • The other kept checking the ticking clock on center court and thinking to herself, "Brava, Francesca!"
        • The clock finally stopped at 4 hours, 44 minutes, when French Open champion Francesca Schiavone of Italy beat Svetlana Kuznetsova 6-4, 1-6, 16-14 in the fourth round at the Australian Open and set a record for the longest women's Grand Slam match in the Open era.
        • An exhausted but elated Schiavone described the match as "fantastic!"
          • Case in Giffords shooting likely to take years Jan 23, 2022 02:02 PM

            • TUCSON, Ariz. - Investigators have been poring over surveillance video, interviewing witnesses and analyzing items seized from Jared Loughner's home as they build a case in the assassination attempt against Rep. Gabrielle Giffords.
            • It's a case that likely will take years to play out as it goes through phases of the criminal justice system: prosecutions by both federal and state authorities, proceedings over whether to move the case to a different venue, a possible insanity defense by Loughner and prosecutors' likely push for the death penalty.
            • The next step is an arraignment scheduled Monday afternoon in Phoenix for Loughner, who is accused of opening fire on a Giffords political event in a rampage that wounded 13 people and killed six others
              • Cantor: I believe Obama is a US citizen Jan 23, 2022 01:20 PM

                • WASHINGTON - The new Republican House majority leader says he doesn't think questions about President Barack Obama's citizenship should play a role in the discussion of policy matters.
                • Two years into the Obama administration, so-called birthers continue to argue that Obama isn't a natural-born citizen and that he hasn't proved he's constitutionally qualified to be president.
                • House Majority Leader Eric Cantor says he believes Obama is a citizen and that most Americans are beyond that question.
                  • Wal-Mart vs. Civil War site: battle heads to court Jan 23, 2022 01:09 PM

                    • RICHMOND, Va. - Nearly 150 years after Robert E. Lee and Ulysses S. Grant fought in northern Virginia, a conflict over the battlefield is taking shape in a courtroom.
                    • The dispute involves whether a Walmart should be built near the Civil War site, and the case pits preservationists and some residents of a rural northern Virginia town against the world's largest retailer and local officials who approved the Walmart Supercenter.
                    • The proposed Walmart is located near the site of the Battle of the Wilderness, which is viewed by historians as a critical turning point in the war.

                      More news


Advertisement

    Recent Estimates

AnalystFirm NameSymbolEPS Estimate
XXXXXXXXXX AKAM$0.28
XXXXXXXXXX LVS$0.38
ASAS BAC$0.16
danPersonal BAC$0.16
samXXXXX JCI$0.54
brobbrinc INTC$0.53
brobbrinc RIMM$1.64
XXXXXXXXXX CWEI$1.27
XXXXXXXXXX RDWR$0.22
XXXXXXXXXX NR$0.09