Rising Nursing Home Rates
A number of factors can be considered as contributor to the rising cost of nursing home rates for care. Overhead costs, the rising cost of medication, inflation, and even Medicare and Medicaid billing fraud can raise how much a family has to pay for the care of their loved one. All of this is making the cost for some quite unbearable.
In fact, the private room rates have taken a 3.8% jump to an average of $248 per day, which is $90,520 per year. Assisted living facilities have seen a 2.1% increase to $3,550 per month, which is $42,600 per year. Nursing homes with semi-private rooms have seen an increase to $81,030 per year, which is a 3.7% increase to $222 per day.
When broken down by stat, Alaska had the highest rates for a private room with Oklahoma having the lowest rats at $147 per day and Texas having a $131 per day rate for a semi-private room.
Assisted living increased to nearly $6,000 in Washington D.C. with the lowest being just over $2,300 per month in Arkansas.
Minnesota has an average of $32 per hour for home health aides, which is actually down from $34 an hour. The lowest was found in Louisiana at $13 an hour, which is lower than in 2011.
The report shows that home health aide services have relatively the same or decreased in cost, while assisted living and nursing home care has increased.
Of the factors that contribute to these increased costs, Medicare and Medicaid billing fraud is, perhaps, the most controllable since much of this fraud occurs within the facilities and care agencies themselves.