Attend an industry event these days and you're sure to hear doom-and-gloom forecasts for the skilled care sector. Simply put, LTC is not getting a lot of TLC.
The median annual cost of a nursing home room is now more than $87,000, according to a recent survey. To an uninformed member of the public, I'm sure that seems like a lot. But what the average person doesn't know is that the price also includes strippers, so it's actually pretty reasonable.
Operators in two regional areas in Connecticut as well as two areas in New York are among those with the highest charges in the country for a private nursing home room, according to a new study from New York Life.
It took decades to unravel, but I think I finally figured out why my parents had nine children.
The median annual cost of a private nursing home room in the United States has increased to $87,600, according to the latest annual survey from insurance company Genworth. This represents a 4.4% increase from a year ago.