Massachusetts extends a lifeline to ailing nursing homes, but more closures are expected

Adrian Ma Sep 3, 2019
HTML EMBED:
COPY
A physical therapy aide helps a man exercise at a nursing home. Scott Olson/Getty Images

Massachusetts extends a lifeline to ailing nursing homes, but more closures are expected

Adrian Ma Sep 3, 2019
A physical therapy aide helps a man exercise at a nursing home. Scott Olson/Getty Images
HTML EMBED:
COPY

As a wave of aging baby boomers rolls into nursing homes nationwide, many facilities face two ongoing challenges: revenue and recruitment. The cost of care is increasing, and there’s an ongoing shortage of skilled caregivers.

As a result, hundreds of nursing homes have closed in the past decade, and many state governments are struggling to deal with the fallout.

In Massachusetts, lawmakers recently extended a $50 million financial lifeline to try to help the state’s ailing nursing homes. But experts who study the senior care industry say it likely won’t be enough to prevent more facilities from going out of business. 

Click the audio player above to hear the full story.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.