According to the Winston-Salem Journal in North Carolina, many elderly people in their 70s and 80s have made it through the economic downturn with their finances relatively intact, only to face the possibility of financial elder abuse or exploitation as they continue to age. The Journal explains that many middle-to-upper class elderly people already owned their own homes and other real estate and had their money invested in stable investments when the economic downturn occurred. In addition, many of the elderly receive pensions that employers no longer offer, as well …(read more)
Kansas Governor Mark Parkinson signed a bill in May of 2010 imposing a new tax on nursing home beds in hopes of securing additional federal funds. The new law applies a tax of up to $1,950 per nursing home bed, raising approximately $30 million in tax revenues. The federal government would then provide an additional $56 million in Medicaid funds. The entire $86 million would then be distributed back to nursing homes.
About 55% of nursing home residents in Kansas are Medicaid patients. Medicaid typically falls short of reimbursing a nursing …(read more)
Elderly citizens along the Washington-Oregon border are being targeted in a financial scam, according to Oregon Live. The suspect, Michael “Mike” Chermack, about age 50, preys on elderly people by offering to clean their roofs. When his victims agree, Mike causes damages and demands compensation. The most recent case involved an elderly man who lives in Forest Grove, Oregon. Mike offered to clean the moss off the man’s roof, but instead tore down the gutters and demanded $5,000 to fix the damage. When the elderly victim withdrew the sum from …(read more)
Two nursing home aides a the Good Samaritan nursing home in the Minneapolis-St. Paul area of Minnesota are facing a criminal trial for physically and sexually abusing nursing home residents. According to the Star Tribune, the trial of at least one of the aides will be moved from Albert Lea to Olmsted, Rice, Wabasha or Winona County because of the substantial pre-trial publicity.
In addition to the two adult nursing home aides, Brianna Broitzman and Ashton Larson, the nursing home owner and four aides charged as juveniles are accused of abusing …(read more)
