Are nursing homes very profitable, or is their financial picture complex?
Despite claims by the nursing home industry of razor-thin margins, research indicates that profits may be substantially higher than publicly reported. This discrepancy raises significant questions for families trying to understand the cost of care and for policymakers overseeing a system heavily funded by taxpayer dollars. The question of, 'Are nursing homes very profitable?' is more complex than it appears on the surface, involving intricate financial maneuvers and varying ownership models.