A second crisis looms for US nursing homes ...Middle East

Quartz - Economy

After a year of enduring trauma and loss on the frontlines of the Covid-19 pandemic, US nursing home operators face another crisis: They’re running out of money. A recent industry survey found that 65% of the country’s more than 15,000 nursing homes are operating at a loss, and 34% believe they will need to close within a year.Lobbying groups are calling on the Biden administration to earmark $20 billion for nursing homes in a new Covid-19 relief bill, arguing that the first $20 billion injection from last year’s CARES Act has not been sufficient to rescue institutions drowning in unexpected pandemic-related costs.But those familiar with this much-maligned segment of the US healthcare system

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Last updated : 25 February 2021 clock 09:30 PM

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A second crisis looms for US nursing homes ...Middle East

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