WASHINGTON, Oct. 2 /PRNewswire-USNewswire/ --
WHAT: Now that Congress has made important progress toward reauthorizing
the Children's Health Insurance Program (CHIP), the American
Health Care Association (AHCA) is urging leaders on both sides of
the aisle to focus on quality long term care for our nation's
frail elderly, and people with disabilities.
BDO Seidman, LLP and Eljay, LLC are releasing an independent study
that calculates Medicaid underfunds long term care by $4.4 billion
nationally -- an increase of 45% from 1999 to 2007. The BDO
Seidman/Eljay report also estimates the national average per
patient per day shortfall to be $13.15. States with the greatest
disparity between the cost of care and Medicaid reimbursement are
(listed by order of impact): Illinois, New Jersey, Wisconsin,
Minnesota, Vermont, New Hampshire, Missouri, Delaware, Washington,
Eighty percent of nursing home residents rely on Medicare or
Medicaid for their long term care. Even with positive Medicare
rates, Medicaid underfunding threatens the financial stability
necessary for continuing long term care quality improvements. In
fact, when considering both Medicare and Medicaid, long term care
operates with a 2.5% negative margin.
WHO: Representative Steve Kagen (D-WI), a triple board certified
physician, will headline the Medicaid briefing. American Health
Care Association (AHCA) President and CEO, Bruce Yarwood, also
will address the report's findings and call on federal lawmakers
to work with the long term care profession to find new and
creative solutions to meet the future needs of frail, elderly, and
disabled Americans who need long term care and services.
WHERE: 1116 Longworth House Office Building
WHEN: Wednesday, October 3, 2007
|SOURCE American Health Care Association|
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