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Two-thirds of nursing homes say they will be forced to close within a year: Report

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Long-term care facilities are in financial crisis due to added costs from COVID-19

Hugh Hastings/Getty Images

A recent survey of nursing homes found that more than 65% say they will no longer be in business by this time next year due to the added costs brought on by the COVID-19 pandemic, according to a new report.

What are the details?

The 19th reported that according to a survey conducted by the American Health Care Association and the National Center for Assisted Living, "about 90 percent of nursing homes are operating at a loss or less than a 3 percent profit margin, and more than 65 percent said they will be forced to close within the year due to overwhelming pandemic-related costs."

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