Tag Archives: health care costs

Residential Elderly Care

The costs for residential elderly care have been growing steadily higher. Spending on Medicare benefits accounted for 21 percent of the nation’s total health care spending in 2010. With baby boomers retiring, and Medicare benefits changing, this percentage is expected to grow in the future. Americans spend approximately $140 billion on long-term care in the U.S., most of it on the elderly, and Medicaid picks up almost half of the cost. Even among large private firms, health care costs for older people have taken their toll with only one-third offering health benefits to their retirees today, compared with two-thirds of company’s over twenty years ago!

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