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Looming Crisis: Rising Demand for LTC

Posted by www.psmbrokerage.com Admin on Wed, Jun 05, 2019 @ 02:30 PM

Looming Crisis - Rising Demand for LTC

 
By Steven Johnson – ModernHealthCare – June 4, 2019

An estimated 69% of Americans will require long-term care services at some point in their lives, for an average of about three years, according to HHS. About 13% of adults pay for their care out-of-pocket, which will become more difficult to sustain due to the financial burden, says a new study by Health Affairs. For those with significant long-term support and services, their median amount of wealth would only allow for long-term home care for about 16 months at an average cost of $1,170 for 90 hours of home care a month.

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Tags: long term care

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