Financing Long-Term Care in Nursing Facilities

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Issue:

Miscellaneous

 

Written by:

Dennis S

 

Date added:

November 3, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 1067

 

Was viewed:

9300 times

 

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Essay content:

at sometime or another will require some sort of long-term care whether it is given in a facility or at home. It is estimated that there are about 9.5 million Americans with long-term care needs, but this number is only expected to grow with the aging of the population and the growing numbers of persons on disability (Kaiser, 2007)...
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The elderly population is expected to double by 2030, and the 85 and older population, the group most likely to have long-term care needs, are expected to quadruple by 2050 (Kaiser, 2007). According to the Kaiser Family Foundation, over $158 billion was spent on long-term care in 2004 and the average annual cost of nursing home care is $74,000...
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