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 […]

Medicaid Tops Funding for Nursing Homes and Residential Care Facilities

According to the 2007 Service Annual Survey: Health Care and Social Assistance provided by the U.S. Census Bureau, Medicaid continued to be the largest source of funding for nursing and residential care facilities in 2007 at $59 billion. The report focuses on health care and social assistance providers for individuals, and gives estimates and sources […]

AAHSA Applauds Introduction of Legislation to Expand Affordable Senior Housing

The American Association of Homes and Services for the Aging’s (AAHSA) President and CEO Larry Minnix applauded the introduction of S. 118, the Section 202 Supportive Housing for the Elderly Act of 2009. The proposed legislation would strengthen the U.S. Department of Housing and Urban Development’s (HUD) Section 202 Supporting Housing for the Elderly Program […]

Senior Housing Industry Outlook & Trends For 2009

Want to know what we think are going to be senior housing trends in 2009? We looked into the magic, crystal ball and here is a preview of 10 topics and issues that may be hot in 2009….we will be addressing these further over the next month or so: 1. When will housing prices find […]

Sunwest’s Management Pleas For Federal Assistance

Oregon Business News recently printed an emailed letter from Sunwest’s CEO, Jon Harder, to U.S. Senator Gordon Smith’s office that pleaded for assistance. According to the article, Harder’s lawyer confirmed its authenticity but the tone of the letter paints a shocking picture of the challenges it faces with its lenders and its operations. If Mr. […]

Social Security Cost of Living Adjustment Doesn’t Cover Inflation in Senior Housing Expenses

The Social Security Administration announced today that monthly Social Security and Supplemental Security Income benefits will increase 5.8% in 2009.  This increase isn’t enough to offset the increases that many seniors have seen in their housing expenses including their property taxes and insurance, let alone any increases in rent or mortgage payments.  More than 55 […]

U.S. Report On Nursing Homes Shows Over 90% of Facilities Cited For Deficiencies

The U.S. Department of Health and Human Services’ Office of the Inspector General  released a report last week detailing the "Trends in Nursing Home Deficiencies and Complaints" that paints a dismal picture showing that over 90% of that nation’s nursing homes were cited for federal violations from 2005-2007.  The most common deficiency categories cited in […]

Does Federal Reserve Include Age Discrimination Data for Senior’s Fair Housing Rights?

The Federal Reserve recently released its comprehensive report on banks’ 2007 lending practices  that showed that overall mortgage lending dropped sharply.  Total originations dropped 25% from 2006 and that nearly one in three applicants were denied.  The reports findings are based upon information collected from mortgage lending institutions under the Home Mortgage Disclosure Act of […]