Nursing Home Closures in New England: Impact on Long-Term Care, Labor Markets

Abstract: The number of nursing homes in New England has declined steadily over the last decade, while the region’s population has grown older. This report looks at why nursing homes are closing—why they’re losing money—and how the closures, combined with the aging of the population, could affect the region’s infrastructure for long-term care. It also considers the closures’ potential impact on the region’s labor markets.

Keywords: New England; Medicaid; labor markets;

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Bibliographic Information

Provider: Federal Reserve Bank of Boston

Part of Series: New England Public Policy Center Regional Brief

Publication Date: 2024-05-14

Number: 2024-1