"The system meant to fund their care is operating on math from 2007. That gap between what care actually costs and what the state actually pays is no longer manageable. It is a structural failure."
"Medicaid reimbursement rates, which fund the majority of long-term care in New York, are still based on costs from 2007, not adjusted for inflation. Not aligned with today's labor market."
"Providers are being squeezed. Workers are stretched thin. And residents - New York's most vulnerable - are caught in the middle."
"Many facilities across New York are already operating at a loss, absorbing rising costs with no corresponding increase in revenue. That is not a sustainable model."
The funding model for long-term care in New York is based on outdated costs from 2007, failing to account for inflation and rising expenses. Medicaid reimbursement rates do not reflect current labor market conditions or the complexities of resident care. As costs for wages, benefits, and compliance have increased, facilities struggle to maintain staffing and care quality. Many providers operate at a loss, jeopardizing the healthcare infrastructure that supports vulnerable residents across New York.
Read at www.amny.com
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