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Nursing Homes To Take Financial Hit

Many of the state's nursing homes will lose money this year, thanks to a new law that forces them to pay a bed tax.  Kirk Riva, with the Life Services Network says his clients will lose millions in revenue.

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Riva says the six dollar and seven cent per bed tax is very significant, especially for small, non-profit nursing homes.  He says if the facilities don't raise rates they'll have to lay off staff and cut programs, which will impact the residents' quality of life.  Riva says 42-percent of the state's nursing homes will take a financial hit. 

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The nursing homes aren't allowed to pass the tax onto residents but Kirk Riva, with Life Services Network, says the residents will feel the pinch some way or another. 

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