Long-Term Care Crises Are Beginning to Loom
Wall Street Journal Online (08/13/02) p.34; Ingebretsen, Mark

The cost of long-term health care is rising, partly due to increasing malpractice insurance rates, and those high rates--according to a report in the Houston Chronicle--have forced various for-profit and nonprofit nursing facilities to either go out of business or drop their coverage. The alternatives to nursing care have become more costly as well, according to a National Institute on Aging study, which says that seniors who have a limited ability to care for themselves have additional health care costs of up to $13,254 per year even outside a nursing home. The study estimates that 1995 saw 1.4 million Medicare recipients develop such disabilities, costing more than $26 billion.


Back   |  IRA.com Home   |  News Archive