Interesting what is happening elsewhere in the world. Five aged care facilities in the state of Massachusetts have filed a notice to close their doors, blaming inadequate government funding and warning that more closures are possible.
According to state cost report data, each home was operating at a significant loss with most residents having their care paid for under the government’s Medicaid funding. It’s estimated over 50% of the state’s nursing homes run at a loss.
Massachusetts currently spends around $1.7B on nursing home care for about 30,000 residents – this is 20% less per resident than Australia.
