How will Medicare Cuts to Long Term Nursing Facilities Affect Commercial Real Estate

As a follow up to my most recent conversations on how the debt ceiling crisis will affect commercial real estate, Reuters reports that the federal government just announced deep cuts on medicare & medicaid reimbursements to skilled nursing facilities.

So in answer to my previous question, yes, this is going to hit commercial real estate, right square in our real estate pockets and seriously puts into question my soothsaying credibility since I have been so positive on investing in skilled nursing facilities and properties as a long term investment.
Of more importance is, " How will these cuts affect the long term care of the elderly and the ability of their children to care for them?"

I think the short answer is:

• Long Term Medical Care Facilities Revenue will drop;
• There will be less investment in Long Term Medical Care Facilities;
• Less Facilities will be available to take care of our elderly and Baby Boomers who are rapidly becoming elderly, (myself included); and/or
• The quality of care will devolve; and/or
• A greater cost of care will assumed by our children; or
• Soylent Green