WASHINGTON—The March Consumer Price Index (CPI) Report showed an annual price increase in home health care costs at 14.2%. This is the largest reported increase from the CPI since 2005, when the Bureau of Labor Statistics first started gathering data on the industry.
RICHMOND, Virginia—The cost of long-term care services increased across all provider types and increased more substantially for certain settings, according to Genworth’s Cost of Care Survey 2023. The most substantial cost increases occurred in home health aide and homemaker services costs. Inflation and the shortage of skilled care workers are the core drivers of increases in the costs of care services.
This story is republished with permission from KFF Health News, a national newsroom that produces in-depth journalism about health issues and is one of the core operating programs at KFF—an independent source of health policy research, polling, and journalism. Learn more about KFF.
Republished from KFF Health News, a national newsroom that produces in-depth journalism about health issues and is one of the core operating programs at KFF—an independent source of health policy research, polling, and journalism. Learn more about KFF.
EDEN PRAIRIE, Minnesota (June 17, 2021)--LTCG, an insurance administration and claims solution provider for long-term care (LTC) insurance, has released its 2020 Cost of Care report and analysis. Now in its eighth year, this study includes national, state and regional costs of various senior care services, spanning skilled nursing facilities, adult day care, home health care and assisted living facilities.
