The national average annual cost for a private room (single occupant) in a Medicare certified nursing home is $70,912 ($194.28/day). This is a 2.2% increase from 2005 rates.
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In 2001, 5% of Medicare beneficiaries accounted for 43% of Medicare spending. For these beneficiaries, health care spending averaged around $63,000 per year. The bottom 50% of beneficiaries… [ Get More Details ]