New York State could save up to $500 million by providing home care to “Low care” older adults who are currently in nursing homes, according to a new report by the Association of Aging in New York.
The report suggests that while nursing home care may still be required for some individuals requiring high-level care, New York State could save significantly by providing older adults with access to care from their own homes and communities.
Home care for “low care” older adults costs 30% less per person than nursing home care, with the state saving more than $28,000 per week for an individual receiving 40 hours of care per week. The report calls for the state to invest in a strong and high-quality workforce of home care workers to provide a cost-efficient solution that will optimize Medicaid spending.
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