Report: Medicaid shortfall higher than ever

From Repertoire March:

An AHCA report, A Report on Shortfalls in Medicaid funding for Nursing Center Care, estimates the 2013 Medicaid shortfall will exceed $7.7 billion nationally, or $24.26 per Medicaid patient. That’s an 8.6 percent increase over the previous year. In fact, for every dollar of allowable cost incurred for a Medicaid patient in 2013, Medicaid programs reimbursed, on average, about 88 cents, the report states. In addition, with recent Medicare rate reductions, Medicare no longer fully subsidizes increasing Medicaid shortfalls.

For a typical 100-bed facility in which 63 percent of residents rely on Medicaid for coverage, this shortfall would mean a loss of over $550,000 annually, according to the report.

For more information visit http://www.ahcancal.org/News/news_releases/Pages/Medicaid-Underfunds-Nursing-Care-to-its-Highest-Deficit-Ever-.aspx.