Silver Book Fact

The highest annual costs for a one-bedroom in an assisted living facility are in the Bridgeport area in Connecticut ($57,566.52 excluding community fees) and New Jersey state, excluding the Newark and Edison areas, ($51,314.41 excluding community fees).

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 U.S. health care spending increased 6.7% to $2.1 trillion, or $7,026 per person in 2006.  
  • 11% of caregiving spouses were age 85 or older, up from 8.6% in 1994.  
  • In 2004, older Americans with no chronic conditions spent an average of $800 on prescription drugs. Those with 5 or more chronic conditions spent on average $3,862.  
  • The hospitalization rate for Medicare enrollees increased between 1992 and 1999 from 306 stays per 1,000 enrollees to 350 per 1,000. The rate then decreased to 350 per 1,000 in…  
  • In 2007, two-thirds of individuals age 65 and older who had limitation in instrumental activities of daily living received personal assistance.