Demand soars for assisted living, news report finds

Share this article:

Consumers are clambering to get into assisted living facilities, a news report finds.

Wait lists are becoming increasingly common, and that has driven up the price, according to the Wall Street Journal. Occupancy at the 36,000 facilities is about 95%, and the average annual cost for such facilities – without healthcare expenses – reached about $35,000 in 2005, a 33% increase from 2002, a recent survey by MetLife found.

Shopping for an assisted living facility is tough because of differences in state regulations regarding Medicaid coverage, and differences in options packages, the Journal said.
Share this article:

More in News

Antipsychotics reduction goal raised to 30% by end of 2016, CMS and provider groups announce

Antipsychotics reduction goal raised to 30% by end ...

Long-term care providers are being asked to reduce the use of antipsychotic medications among residents by 25% by the end of 2015, and 30% by the end of 2016. Providers ...

CDC issues new guidelines on pneumococcal vaccine, says LTC flu vaccination rates remain low

CDC issues new guidelines on pneumococcal vaccine, says ...

Long-term care workers continued to have low rates of flu vaccination last season, despite there being 92% vaccination coverage overall among physicians and nurses, the Centers for Disease Control and ...

AL operators accused of withholding $2M in unpaid overtime, minimum wages ...

Four California assisted living operators are facing eight felony charges related to wage theft, tax and insurance violations, according to local reports.