-
A recent lawsuit shows New York nursing homes would have to pay back over a half-billion dollars in excess profits under the state’s new profit cap law, but industry critics say the disclosure just proves nursing homes aren’t spending enough on resident care.
-
New regulations on staffing levels and profits are set to shake up New York’s nursing home industry when they take effect Jan. 1. The laws are already having something of an impact, but there’s still a question as to whether they’ll actually go into effect come New Year's Day.
-
New York nursing homes will be required to put nearly three quarters of their money toward caring for residents, as a nursing home profit cap was included in the 2021 New York State budget.
-
Nursing home finances have come under scrutiny during the COVID-19 pandemic. Now the New York State Legislature is considering a measure to limit how much nursing homes can profit, which proponents say will mean better care for residents and opponents say will just harm the industry.