Silver Book Fact

The national annual average cost for a one-bedroom in an assisted living facility increased $2,029 from 2005.

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

  • People with Chronic Conditions Accounted for 85 Percent of All Health Care Spending in 2004  
  • Around 13% of all household expenditures in households headed by people age 65 and older were on healthcare expenses, compared to 7% in households headed by people age 55-64.  
  • In 2003, Medicare beneficiaries in fair or poor health had the highest average out-of-pocket health care costs of the health status groups, both in dollars and % of income ($4,000…  
  • Annual health care costs for Medicare enrollees age 65 and over with no chronic disease was, on average, $5,186.  This number rises to $25,132 for those whith five of more…  
  • 1/3 of older people without a spouse or child received no care in 1999, compared to 1/4 of older people with a spouse and a child (or children).