Silver Book Fact

The national annual average cost for a one-bedroom in an assisted living facility increased $2,029 from 2005.

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

  • In 2006, 43.2 million Americans were covered by Medicare– 7 million disabled.  
  • Between 2000 and 2030, the number of Americans with 1 or more chronic conditions will increase by 37%–46 million people.  
  • Public payers are anticipated to become the largest health care funding source in 2016, and pay for more than half of national health spending in 2018.  
  • Non-institutionalized Medicare beneficiaries age 65 and older spent an average of $3,455 (22% of their income) on healthcare in 2003.  
  • People with Chronic Conditions Account for 83 Percent of all Health Care Spending