Second Quarter 2020 Insights and Observations
Submitted by Corrigan Financial, Inc on July 24th, 2020The care for over 60% of nursing-home residents is subsidized by Medicaid, according to data from the Kaiser Family Foundation. Few private insurers cover long-term care because Medicaid is relatively easy to obtain. It is estimated that Medicaid “crowds out” 70% of long-term care insurance.
