“Genworth Releases Cost of Care Survey Results for 2023: Twenty Years of Tracking Long-Term Care Costs”

“Genworth Releases Cost of Care Survey Results for 2023: Twenty Years of Tracking Long-Term Care Costs,” Genworth

“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.”

 

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

Congratulation to Genworth for 20 years of being the go-to source for LTC cost of care information. Get key findings here.