“‘Death spiral’ for SNFs as Medicare Advantage pay decreases,” by Kim Marselas, McKnight’s LTC News
Quote:
“Pressure to accept low-ball contracts with Medicare Advantage plans that continue to reduce reimbursement is driving some skilled nursing providers into ‘a death spiral,’ a major aging services association told federal regulators last week. … In its formal comments, LeadingAge highlighted providers’ financial pain as the plans edge toward dominance.”
LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:
The inevitable outcome of Medicaid Managed Long-Term Services and Supports (MMLTSS) is running its course as staff shortages, increased CMS regulation and persistently low Medicaid reimbursements create a perfect economic storm for nursing homes.
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