Small Business Resources, Business Advice and Forms from AllBusiness.com

Study: Long-term care costs highest in Alaska.

Byline: Margaret Bauman

Nov. 19--Average costs for nursing home care in the United States climbed significantly in 2006 with Alaska coming in with the highest rates at $388 a day, according to a study by New York Life Insurance Co.

With the average life expectancy rate also climbing, many Americans are paying or will have to pay nursing home costs, according to New York Life, which sells long-term health care insurance. The insurance company, the largest mutual life insurance company in the United States, said that nationally the cost for both private and sem

In addition, make sure to read these premium articles also available with your free trial:

T T T
art_print Printart_email Email 16x16-digg-guy  Digg It delicious-small  del.icio.us

Related Resources

Free AllBusiness Articles

  • State claims it can do little to slow Medicaid cost explosion
    • Medicaid, the federal-state program that pays health care costs for lowincome and even many middle-income Alaskans, has become a $1 billionper-year budget-buster for the state government. The cost of the program is growing about 10 percent a year, and that's likely to continue. "It's a rate of growth we can't ......
  • Medicaid payment policies for nursing home care: a national survey.
    • During 1990, an estimated $54.5 billion, or 8.4 percent of total national health expenditures, was spent on nursing home care in the United States (Division of National Cost Estimates, 1987). Dissecting this total expenditure of $54.5 billion, $28 billion (or 51.3 percent) came from the patients or their families as ......
  • Trends in Medicaid nursing home reimbursement: 1978-89.
    • INTRODUCTION Medicaid nursing home reimbursement policy has strong implications for expenditures, which remain high despite decreasing proportions of Medicaid dollars for nursing home care (Swan, 1990) and decreases in the early 1980s in the proportions of nursing home costs covered by Medicaid (Letsch, Levit, and Waldo, 1988). Nursing home expenditures ......
  • AHCA: Medicaid underfunds SNFs by $4.1 billion.
    • Nursing homes are continuing to see red when it comes to state Medicaid funding for nursing home care: Collectively, states shortchange providers and residents at least $4.1 billion annually, according to the third annual BDO Seidman report prepared for the American Health Care Association (AHCA). The loss will grow as ......
  • Cross-subsidization in nursing homes: Explaining rate differentials among payer types.
    • 1. Introduction Nursing home owners have long insisted that the Medicaid program does not reimburse them enough to cover the costs of providing care to Medicaid patients, but it is not clear that nursing homes are actually losing money on Medicaid residents (Ettner 1993). Using standard profit-maximization models of firm ......
  • Long-term healthcare planning strategies.
    • LONG-TERM HEALTHCARE PLANNING STRATEGIES Skyrocketing long-term healthcare costs have radically altered estate planning for older clients. Planning can no longer cover only estate taxes and probate--it must consider the significant financial risks of long-term institutionalization. With the average cost of a nursing home running between $25,000 and $50,000 annually, half ......
  • The effects of case-mix reimbursement on Ohio Medicaid nursing home costs
    • HEADNOTE This article examines empirically the effects of the Ohio case-mix reimbursement system on nursing home costs. The results show that case-mix is the single most important factor affecting both direct-care (nursing staff) and total per them costs. Although other factors, such as bedsize, occupancy rate, ownership status, county per ......

Forms

Blogs

  • 16 diverse groups call for real action on uninsured
    • Washington, D.C. — Most of the nation´s largest health care organizations today announced that they have agreed on a proposal that would significantly expand health coverage for America´s almost 47 million uninsured, starting immediately with expanded coverage for children in 2007. Calling itself the Health Coverage Coalition for the Uninsured ......
  • Abbreviations: Speed or Risk?
    • Last week, the U.S. Food and Drug Administration (FDA) and the Institute for Safe Medication Practices (ISMP) launched a nationwide health professional education campaign aimed at reducing the number of common but preventable sources of medication mix-ups and mistakes caused by the use of unclear medical abbreviations. "Some abbreviations, symbols ......
  • Random Notes
    • Today I'm sharing several items of interest that came across my desk.
  • Small Business Friendly States Report
    • If you're like most small business owners, you started your business and then found out about how much government bureaucracy you'd have to deal with. The reality of owning a small business is that there are many others who want a piece of the action. And it varies greatly by ......
  • All Bloggers
Related Topics
Tools

Sponsored Links

Site Map | Contact Us | FAQs | About Us | Media Kit | Reprints | RSS Directory | Sign Up for Free Newsletters | Disclosure Policy

Copyright © 1999 - 2008 AllBusiness.com, Inc. All rights reserved.
No part of this content or the data or information included therein may be reproduced,
republished or redistributed without the prior written consent of AllBusiness.com.
Use of this site is governed by our Copyright and Intellectual Property Policy, Terms of Use Agreement and Privacy Policy.

Get In-Depth Company Information from Hoover's | Buy a D&B Credit Report | What is in Your Company's D&B Credit Report? | Article Archives
Online Business Database | Online Business Information | Sales and Marketing Solutions | Business Mailing Lists
Information and opinions on AllBusiness.com solely represent the thoughts and opinions of the authors and are not endorsed by, or reflect the beliefs of,
AllBusiness.com, its parent company D&B, and its affiliates.