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medpundit |
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Saturday, February 22, 2003Nursing homes are almost entirely government funded, largely because middle class people feel it's the duty of the state to pay for their care, so they hollow out their assets to qualify for Medicaid. This is disgusting, yet entirely predictable, and completely unstoppable as long as the government pays for care. Yet the government is not willing to impose the taxes on the children to pay for their parents care, so instead they cut funding. This makes it very hard to operate a nursing home profitably, resulting in said children suing the nursing homes because Mom is tied to a wheelchair 23 hours a day. The resulting verdicts raise costs, which the nursing homes can't recover because most of their rates are set by fiat. Instead they turn to fraudulent billing to recover the money they lose on patient care. And they're still losing money. And people wonder why I'm a libertarian? A hearty “amen” to that. posted by Sydney on 2/22/2003 11:21:00 AM 0 comments 0 Comments: |
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