Silver Book Fact

The national average annual cost for a private room (single occupant) in a Medicare certified nursing home is $70,912 ($194.28/day). This is a 2.2% increase from 2005 rates.

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

  • The national median rate for a private nursing home room in 2011 was $213/day.  
  • In 2002, 61% of all deaths of those age 65 and older were caused by heart disease (32%), cancer (22%), and stroke (8%).  
  • At least 80% of older Americans live with at least 1 chronic condition. 50% live with at least 2 chronic conditions.  
  • In 2006, 42% of Americans age 75 years and over living in the community reported having a limitation in their usual activity due to a chronic condition, compared with 13%…  
  • Current projections predict a rise in Medicare spending from 2.6% of gross domestic product in 2008 to 9.2% in 2050.