Silver Book Fact

The lowest annual cost for a one-bedroom in an assisted living facility is in North Dakota ($20,714 excluding community fees) and Arkansas ($20,937 excluding community fees).

Genworth Financial. Genworth Finanical 2006 Cost of Care Survey: Nursing homes, assisted living facilities and home care providers; March 2006

Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • U.S. health care spending is expected to grow 6.7% in 2007, and remain near the same rate through 2017.  
  • In 2004, average annual prescription drug costs for noninstitutionalized Medicare enrollees over 65 was $2,107 per person.  
  • More than half of Americans suffer from one or more chronic diseases.  
  • More than 60 million new family caregivers each year
    Every year, 61.6 million family caregivers take on the roll of unpaid caregiver to a family member or loved one.  
  • Home health spending increased 11.3% (to $59 billion) in 2007.