The Archdiocese recently recognized a shift from nursing homes to managed care at home. With a decline of 350 nursing homes over the past six years and the New York Archdiocese closing two of its nursing homes in favor of opening seven adult daycare facilities, the elder care industry is embracing Aging-In-Place as the cost effective and beneficial solution to the high cost of traditional managed care.This will have an enormous effect on many industries such as the real estate, home building/remodeling and private managed care industries.
Will the government step up and support, through Medicare/Medicaid and other subsidies, those looking to reduce costs of their care?