Report: Medicaid long-term care spending growth slows to 5.4% in 2004
Medicaid spending growth in long-term care slowed significantly between 2000 and 2004, according to a new report from the Kaiser Commission on Medicaid and the Uninsured.Long-term care Medicaid spending growth cooled to an average annual rate of 5.4% in 2004 after reaching a 10.7% clip from 2000 to 2002, according to the report, "Understanding the Recent Changes in Medicaid Spending and Enrollment between 2000-2004."
Nursing home care, which represents the largest component of long-term care costs, grew at an average annual rate of 4.1% from 2000 to 2004, the report said. Home and personal care services jumped to 37% of long-term care spending in 2004, up from 30% of long-term care expenditures in 2000, according to the report.
Download a copy of the report at http://www.kff.org/medicaid/7499.cfm