Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Health Insurance > Health Insurance

Study: Medicaid LTC Payments Fall Short

X
Your article was successfully shared with the contacts you provided.

Medicaid underfunded the actual cost of long term care this year by a total of $4.2 billion, a new study estimates.

The states with the worst cases of Medicaid nursing facility underpayments are New York, with $548 million in underfunding, and Illinois, with $379 million in underfunding, analysts at Eljay L.L.C., Louisville, Ky., report in a study commissioned by the American Health Care Association, Washington.

The gap is largely the result of rising costs, the analysts conclude.

The AHCA says the analysis shows that the federal government should include relief for state Medicaid programs in any economic stimulus package.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.