Silver Book Fact

The national average annual cost for a private one-bedroom unit in an assisted living facility is $32,294.40 ($88.48/day). This is a 6.7% increase over 2005 rates. Note–these rates exclude one-time community or entrance fees.

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 2009, half of the adult population in the U.S.—133 million—was living with at least one chronic disease.  
  • In 2004, national health expenditures were approximately $1.88 trillion.  
  • Prevalence of Selected Chronic Conditions Among Adults Age 65 and Over, 2000-2001  
  • 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.  
  • Spending on prescription drugs by non-institutionalized Medicare beneficiaries age 65 and older averaged $830 (24% of out-of-pocket spending) in 2003.