Silver Book Fact

The annual rate for a private nursing home room in 2010 was $75,190, compared to $60,225 in 2005 (a growth of $14,965).

Genworth Financial. Genworth Finanical 2010 Cost of Care Survey: Home Care Providers, Adult Day Health Care Facilities, Assisted Living Facilities and Nursing Homes; April 2010

Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • In 2004, national health expenditures were approximately $1.88 trillion.  
  • In 2003, 45% of beneficiaries’ total out-of-pocket health care expenses were for premiums for Medicare Part B, private Medicare plans (primarily HMOs) and private supplemental insurace.  
  • Average Out-of-Pocket Spending on Health Care by Medicare Beneficiaries, by Income as a Percent of Federal Poverty Level, 2003  
  • In 2004, nursing home and home health care cost the nation $158.4 billion.  
  • Lost workdays and lower employee productivity because of hypertension cost $279.5 billion– the highest amount among chronic diseases.