Silver Book Fact

The national average annual cost for a private room (single occupant) in a Medicare certificed nursing home increased $1,490 from 2005 rates.

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

  • Prescription drug spending growth accelerated in 2006 to 8.5%, partly as a result of Medicare Part D’s impact.  
  • People with Chronic Conditions Account for 83 Percent of all Health Care Spending  
  • Total spending on health care is projected to reach $4.1 trillion by 2016.  
  • Medicare beneficiaries with 5 or more chronic conditions see an average of 14 different physicians a year.  
  • In 2005 older Americans averaged $4,331 in out-of-pocket health care expenditures, an increase of 57% since 1995. In contrast, the total population spent considerably less, averaging $2,766 in out-of-pocket…