The global financial system believes that we are entering a significant recession, even with the bail-out of the banking system. I was wondering what impact this might have on long term care in the US. These are a few of the ideas I had. Leave comments if you have others:
- Money for private pay will be reduced, putting more pressure on Medicaid
- Rebuilding nursing homes will be far more difficult, because getting loans to do it or using bonds will be far more difficult
- The already tenuous nursing home financial model will be put under additional pressure, as credit will be harder to find
- Michigan's already broken state budget will get worse as the auto industry is put on life-support
- Universal health care, though more necessary than ever, will likely take second place to supporting the financial system
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