Silver Book Fact

In 2011, the median annual rate for a private nursing home was $77,745—compared to $60,225 in 2005.

Genworth Financial. Genworth 2011 Cost of Care Survey: Home care providers, adulty day health care facilities, assisted living facilities and nursing homes. Genworth Financial; April 2011. http://www.genworth.com/content/etc/medialib/genworth_v2/pdf/ltc_cost_of_care.Par.14625.File.dat/2010_Cost_of_Care_Survey_Full_Report.pdf

Reference

Title
Genworth 2011 Cost of Care Survey: Home care providers, adulty day health care facilities, assisted living facilities and nursing homes
Publisher
Genworth Financial
Publication Date
April 2011
Authors
Genworth Financial
URL
Read Full Resource

Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • Spending on long-term care services for the elderly is projected to increase at least 2 1/2 times by 2050–to $379 billion.  
  • Health care spending exceeded 15% U.S. GDP in 2004 ($1.9 trillion) and is expected to increase to as much as 20% by 2015.  
  • Contribution of Key Medical Conditions to Inflation-Adjusted Health Care Spending Growth Among Medicare Beneficiaries, 1987-1997, 1997-2006, and 1987-2006  
  • In 2000, there were more than 1.3 million home health care patients.  
  • Quality-of-care scores were found to decline with age. The percentage of recommended care received by individuals age 18-30 was 57.5%, compared to 52.1% for those 65 and older.