Silver Book Fact

The lowest average annual cost for a private room (single occupancy) in a Medicare certified nursing facility is in Louisiana and Missouri (excluding St. Louis and Kansas City) at a cost of $42,304 and $43,249 respectively.

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

  • In 1998, the care given to people with chronic conditions accounted for 78% of health care spending–Now they account for 85%.  
  • Hospital spending by Medicare increased 7.7% in 2008–from 4.7% in 2007.  
  • Average annual health care costs for Medicare enrollees age 65 and over, by age group, 1992-2006  
  • Among older Americans, 6 of the 7 leading causes of death are chronic diseases.  
  • In 2005, Medicare spending reached $342.0 billion which was a 9.3% increase. Medicare spending increased 10.3% in 2004.