California Budget Cuts Spell Trouble For Senior Housing In Golden State

As the economy in California struggles and the state government working with limited funds, Governor Schwarzenegger is facing some challenges to make ends meet and one area that is on the chopping block is the state’s senior housing programs.  The governor’s cuts include proposals to shut down the state’s adult day care centers that provide […]

Nursing Homes Would See Medicare Payment Cut In Proposal

The Centers for Medicare and Medicaid Services surprised nursing home operators late last week when it proposed changes to their programs that would reduce Medicare payments by $1 billion in fiscal 2010.  The cut takes into account a 3.3% reduction in payments based on changes to CMS payments to skilled nursing facilities for some patients […]

New York Announces $253 Million In Affordable Housing Grants

New York Governor David A. Paterson announced early this week $253 million in affordable housing grants coming to New York through the American Recovery and Reinvestment Act (ARRA).  The New York project are the first  housing projects in the U.S. to be awarded funding through the ARRA, and will allow for the preservation of existing […]

Introduced Legislation Gets Praise For Co-Pay Equity for Home and Community Based Seniors

The Assisted Living Federation of America (ALFA) last week announced its support for legislation that will provide relief to one million poor seniors in assisted living communities who purchase prescription drugs under Medicare.  The bill calls for ending discrimination against dual-eligible seniors who receive both Medicare and Medicaid but live in home and community based […]

Lawmakers Re-introduce Fairness in Nursing Home Arbitration Act

U.S. Senator Mel Martinez (R-FL) this week re-introduced the Fairness in Nursing Home Arbitration Act, which protects the dispute resolution options for residents of nursing homes. The measure, originally introduced in the 110th Congress, is in response to the increasing practice of nursing home facilities requiring patients to agree to arbitration as the sole vehicle […]

HUD Makes Higher Reverse Mortgage Loan Limits Official

The Department of Housing and Urban Development released Mortgagee Letter 2009-07 which raises the national FHA loan limit for reverse mortgages (HECMs) to $625,500. The changes are effective immediately for loans closed on or after February 24, 2009. The speed at which this mortgagee letter was released is shockingly fast but most likely in response […]

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 […]