Silver Book Fact

The national median rate for a private nursing home room was $206/day.

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

  • Medicare-covered hospital and skilled nursing facility stays per 1,000 Medicare enrollees age 65 and over in fee-for-service, 1992-2005  
  • The national average annual cost for a semi-private room (double occupancy) in a Medicare certified nursing home is $62,532 ($171.32/day). This is a 2.3% increase over 2005 rates.  
  • 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.  
  • “Medicaid spending growth increased slightly in 2005 to 3.9%, while Medicare nursing home expenditures grew 12.0% following growth of 16.2% in 2004.”  
  • From 2008 to 2016, Medicare growth is expected to average 7.6% per year, and represent 20.9% of total national health care expenditures towards the end of the projection period.