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

  • The health care portion of the gross domestic product (GDP) grew from 15.9% in 2007 to 16.2% in 2008.  
  • By 2030, 20% of the population will be people age 65 and older with chronic conditions.  
  • In 2009, half of the adult population in the U.S.—133 million—was living with at least one chronic disease.  
  • The national median rate for non-medicare certified, licensed home health aide services (non-medical “hands-on” care such as activities such as bathing, dressing and transferring) in 2010 was $19/hour.  
  • Out-of-pocket spending grew 5.3% in 2007, compared to 3.3% in 2006. This acceleration was mostly due to increased payments for prescription drugs, nursing home services, and nondurable medical supplies.