Silver Book Fact

95% of all nursing homes in the United States are Medicare certified.

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

  • Chronically ill patients receive only about 55% of all clinically recommended care.  
  • U.S. health care spending is expected to grow 6.7% in 2007, and remain near the same rate through 2017.  
  • In 2005, a person with 3 or more chronic conditions who was 65 and older and insured through Medicare paid, on average, $2,588 in out-of-pocket medical expenses.  
  • Public-sector spending on health care increased 7.7% in 2005, compared with 7.8% in 2004.  
  • Total Medicare spending reached $469.2 billion in 2008.