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June 16, 2006
Long-term care's perfect storm
Generous benefits, perverse incentives and powerful lobbies have made New York's long-term care system the most costly in the nation, says Crain's New York Business.
Long-term care, including nursing home services and home health and personal care, consumed $16 billion in 2004. The price tag -- which comes to $833.37 per capita, or two-and-a-half times the U.S. average -- swelled 23 percent over 2000 levels.
"If there's a state that's doing everything wrong, New York is probably it," says Devon Herrick, a senior fellow with the National Center for Policy Analysis in Dallas, which this year published a harsh critique of New York's Medicaid system.
Posted by Michelle at June 16, 2006 07:48 PM