Centers for Medicare & Medicaid Services approved higher Medicare payments for skilled nursing facilities
The Centers for Medicare & Medicaid Services approved a 3.3% rise in Medicare payments for skilled nursing facilities for fiscal year 2008. This rise was a reflection of the fact that current rates are based on data from FY 1997. The new rates will be based on data from 2004. Approximately $690 million more will paid next year. Hopefully this rise will help skilled nursing facilities provide better and more reliable care and homes will no longer be able to blame the prevalence of nursing home abuse and neglect on lack of funding.
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