News Report | July 14, 2019
Nursing Home Prices Rose Faster Than The Medical Inflation Rate, With The Lowest Rate In Texas
Nursing home care prices are rising faster than other medical care and consumer prices, with the lowest average daily rate of $121.90. Across the study period, the cumulative inflation between 2005 and 2010 was 20.2% in medical care (rising from an average of $323.23 to $388.44 per day), and 11.7% in consumer and general consumer prices (rising from an average of $195.30 to $218.05 per day). Meanwhile, nursing home prices across the U.S. increased an average of 24.7% (between about 15.2% and 30.2% per day, depending on location).
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