Florida’s Fiscal Insanity With Nursing Home Funding

For those people who thought sub-prime mortgages and fancy CDO/CMOs were creative accounting, you haven’t seen the latest iteration of creating accounting: increased state taxation in order to receive more funding from Medicaid. Florida Health News’s article, Please Tax Me So I Can Earn More, is a fascinating view into the crazy funding crisis Florida is facing where nursing homes are asking to be taxed more and the Republican-controlled legislature agrees to change the laws to enable more taxes to be levied. After seeing banking CEO’s get grilled in front of Congress today, it is not hard to envision that someday the Senators will be grilling the state representatives of Florida in the same chastising way.

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