A "silver tsunami" is coming as South Dakota's nursing home industry is on the verge of financial collapse, industry leaders warned.
Nursing home administrators rang the alarm bells at the Legislature on Tuesday as nursing homes in South Dakota face a $42 million annual shortfall in Medicaid reimbursement funding from the state, which has caused a crush of nursing home closures in recent years.
About Swier Law Firm’s Elder Law Practice Group
Swier Law Firm’s Elder Law Practice Group helps guide families and individuals through the complex issues facing the elderly at all levels of wealth, including real estate, income, estate and gift taxation, as well as trust, estate, and Medicaid laws and regulations. Since many families and individuals find this maze of interrelated laws to be both daunting and confusing, our Elder Law attorneys assist you in successfully achieving your estate planning goals and protecting yourself, your family, and your legacy.
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