Silver Book Fact

The national average annual cost for a semi-private room (double occupancy) in a Medicare certified nursing home is $62,532 ($171.32/day). This is a 2.3% increase over 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

  • In 2007, growth in national health spending is projected to decelerate slightly to 6.6%, while spending growth among private payers and Medicaid accelerates.  
  • Percent of older adults with a chronic condition
    In 2011, 80% of older adults in the U.S. had one chronic condition. Half had at least two.  
  • The national median rate of licensed home health aide services in 2011 was $19/hour.  
  • By 2020, 81 million people will have 2 or more chronic conditions.  
  • Impact of family caregiving on work
    Seven out of 10 family caregivers have to cut back on work hours, change jobs, or stop working in order to care for their loved one.