Simply The End Of A World As We Know It
January 27, 2010
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HAMILTON COUNTY- A local nursing home faces serious financial problems. Administrators say the facility may have to close.
The Hamilton Memorial Nursing Center in McLeansboro says the facility is losing $40,000 a month because of low state medicaid reimbursements.
The center employs 50 people and another 50 call it home; but administrators aren't sure how much longer it will be able to stay open.
"We wouldn't have this financial situation if the state would be paying the money they're supposed to be paying," says CEO Randy Dauby.
http://www.wsiltv.com/p/news_details.php?newsID=9356&type=top
THE MONEY IS SIMPLY RUNNING OUT......SOMETHING WE WILL ALL HAVE TO DEAL WITH GOING FORWARD....
Hundreds of nursing homes caring for tens of thousands of residents and employees face similar issues. Expect tax breaks from government for children to take care of their parents in the very near future as more and more of these homes will be forced to shut down.
Expect tens of thousands of retail stores to shut down in 2010 across the nation and very few to replace them.....we are entering 2010 with the highest commercial retail vacancy in history.
WSJ: Movie Gallery - Possible Chapter 11, Closing up to 2/3 of Stores
And Benny The B is bragging about a recovery?????????????????????????????????
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