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

  • Medicaid spending grew 6.4% in 2007 to $329.4 billion.  
  • In 2002, the healthy life expectancy at birth was 69 years in the U.S. – 67 years for men and 71 years for women.  
  • American adults age 65 and older use 1/3 of all prescription medications.  
  • The national annual average cost for a one-bedroom in an assisted living facility increased $2,029 from 2005.  
  • Hospital spending growth increased 7.3% to $696.5 billion in 2007, compared to 6.9% in 2006.