Nursing Home Cost Hits $77K
The basic rate for a private nursing home room in the United States rose to a whopping annual average of $77,745 this year, up 3% from 2006, and a semiprivate room hit $68,985 a year, according to the latest survey conducted by the MetLife Mature Market Institute in conjunction with LifePlans Inc., a consulting and data analysis firm.
The MetLife Market Survey of Nursing Home and Assisted Living Costs also found that growth in assisted living base rates remained flat during the last year, with a national average private-pay rate of $35,628 annually.
The 2007 survey was conducted by telephone last June and July in 87 major markets in all 50 states and the District of …
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Publication information: Article title: Nursing Home Cost Hits $77K. Contributors: Not available. Magazine title: Aging Today. Volume: 28. Issue: 6 Publication date: November/December 2007. Page number: 2. © American Society on Aging Jan/Feb 2009. Provided by ProQuest LLC. All Rights Reserved.
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