Senior Housing News December 13, 2023
Health care spending in the U.S. grew by 4.1% in 2022 and reached $4.5 trillion, with continuing care retirement communities (CCRCs) and nursing homes reporting slightly lower health expenditures over the same time period, according to a study published Wednesday by Office of the Actuary at the Centers for Medicare and Medicaid Services (CMS).
In 2022, price growth of personal health care prices for continuing care retirement communities and nursing homes was relatively low at 3%.
National health expenditures (NHE) for CCRCs and nursing homes increased from $181.1 billion in 2021 to $191.3 billion in 2022, the study found. After decreasing by 7.8% between 2020 and 2021, NHE spending rose 5.6% in 2022 for CCRCs and nursing homes.
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