10. Long-Term Care
According to the final report of the Commission on Affordable Housing and Health Facility Needs for Seniors in the twenty-first century, almost 20 percent of people over the age of 65 have “significant long-term care needs.” With an aging population, this number is expected to rise considerably. Also rising is the cost of long-term care. Statistics compiled by the Agency for Healthcare Research and Quality indicated that from 1987 to 1996, the total cost of nursing home care in the United States went up 150 percent to $70 billion. Those figures have continued to rise. According to a research report by Prudential Insurance in 2010, between 2004 and 2010, nursing-home costs for a private room have increased 47 percent. During ...
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