And that sounds like a great headline. However, many of these communities are taking on sicker patients/residents sometimes inappropriately. As a result this population has higher rates of hospitalization, a new report says. Approximately 38% of older Americans with moderate to severe disabilities live in nursing homes, compared to 58%...
Tag: long term care cost
2011 Cost of Long-Term Care Study Releases Findings
John Hancock Financial (John Hancock) recently announced the results of its 2011 cost of care study, which found that long-term care (LTC) costs have continued to increase, but not as much as other goods and services. @Paul Burns, Getty Images The study surveyed more than 11,000 providers, including nursing homes,...
Retirees Not Realistic in Planning for Possibility of Long-Term Care
Getty Images, Rosemary Calver In a recent survey from the Society of Actuaries respondents were asked about the changing nature of healthcare delivery and the ability to pay for long-term care. Though 93% said that pursuing a healthy lifestyle is their primary risk-management strategy, the report suggests that this is...
Long-Term Care Funding: Here’s Looking to You!
The Commonwealth Foundation conducted a study in Penn. looking at long-term care funding and came to some interesting conclusions. Pennsylvania taxpayers pay $6.6 billion per year to fund long-term Medicaid spending, 40% of the state’s Medicaid spending. It is unsustainable so they are looking at several options. Rebalance Medicaid In...