“National long-term care spending hits all-time high at $163 billion,” by Emily Mongan, McKnight’s LTC News

“Americans spent nearly $163 billion on nursing care facilities and continuing care retirement communities in 2016, according to a new federal report. The Centers for Medicare & Medicaid Services’ National Health Care Spending report for 2016, published Wednesday in Health Affairs, found that total healthcare spending in the United States increased 4.3% in 2016, reaching $3.3 trillion. When it comes to long-term care, $162.7 billion was spent last calendar year. That marks the highest point in total nursing care and CCRC spending to date, compared to $140.5 billion in 2010. The annual growth rate for nursing care facilities and CCRCs hit 2.9% for 2016, down from 3.7% the prior year.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

We’ll analyze these latest data tomorrow in our annual LTC Bullet answering the question “So What if the Government Pays for Most Long-Term Care?”

National long-term care spending hits all-time high at $163 billion

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