Nursing home costs increase
Executive Briefings Digest, January 24, 2006
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The average daily cost of a private room in a U.S. nursing home jumped 5.7% in 2005-from $192 in 2004 to $203 in 2005. That comes to $74,095 annually, according to the 2005 MetLife Market Survey of Nursing Home and Home Care Costs, published annually by Metlife's Mature Market Institute. The highest nursing homes rates were in Alaska, with an average of $531 per day for a private room, and the lowest were in Shreveport, LA, with an average of $115 per day, according to the report. Click here and look under the "What's new" tab for a copy of the report.
Source: Billing Alert for Long-Term Care
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