Nursing homes celebrate CMS decision

Nursing homes will not face cuts in their Medicare reimbursements as officials had warned they might, CMS officials announced Friday. The Centers for Medicaid and Medicare had wanted a 10 percent cut in payments. Critics have long charged that the government overpays for nursing-home care. The proposed reimbursement change will go through; however, overall payments will remain about the same. The agency will adjust the way it compensates nursing homes for their services, paying more for the care of sicker patients. Shares in healthcare companies which provide long-term care got a bounce from the news.

- see this story from the Las Vegas Sun