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

  • The lowest annual cost for a one-bedroom in an assisted living facility is in North Dakota ($20,714 excluding community fees) and Arkansas ($20,937 excluding community fees).  
  • The decade-long projection detailed here expects that nearly $0.20 of every $1.00 spent will be devoted to health by 2016.  
  • In 2007, growth in national health spending is projected to decelerate slightly to 6.6%, while spending growth among private payers and Medicaid accelerates.  
  • The U.S. spent 85% of our health care dollars on people with chronic conditions in 2004.  
  • This year’s national health spending projection anticipates an average annual growth of 6.9% from 2006 to 2016.