
Very Few Homes Receive
Medicaid Rates Equal to Costs
•When only 17.4% (1999 figures) of all facilities receive Medicaid rates equal to their costs, the public is not well served. Such a system makes it impossible for many facilities to effectively address increasing staffing and resident care needs.
•To help cover these losses, private pay residents are charged rates substantially above their actual care costs. The difference between Medicaid and private pay rates in many facilities exceeds $50/day!
Source: BDO Seidman, September 2000 Study