“15 Most Expensive States for Long-Term Care: 2021,” by Michael S. Fischer, ThinkAdvisor

 

Quote:

“The cost of long-term care services increased across all provider types in 2021 and increased more substantially in certain settings, according to Genworth’s annual cost-of-care survey, released last week.”

 

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

Happy “Twosday,” 2/22/22. How interesting. Remember how all the experts tried to convince us that home and community-based care was so much cheaper than institutional, i.e. nursing home care? They pushed to rebalance Medicaid from nursing homes to home care to save money. Oops. Turns out, as we said all along it would, the most expensive states in the country for long-term care are the ones that focus most on home care, such as Oregon, Washington and New York. Furthermore, the biggest increases in long-term care costs, according to Genworth, occurred in home care and assisted living, while nursing home costs increased least. As inflation flares forcing everyone to pay for the government’s over printing and over spending, you can expect these trends to get much worse. In time, the only way to obtain quality home care will be to pay privately for it as government is forced to veer away from expensive home and community-based services toward more cost-effective, because it is less desirable, nursing home care.