McKnight’s Senior Living January 8, 2024
Year-over-year growth in the home health space was 13.5% in October, making it the fastest-growing component of national health spending, according to Altarum’s monthly Health Sector Economic Indicators brief, released Thursday.
Nursing home care spending grew by 7.8% for the same period, after having in September represented one of the fastest-growing categories of national health spending; spending on home care, on the other hand at that time, however, showed the slowest growth rate.
The Altarum brief expands on the official estimate of Medicare and Medicaid expenses in 2022, as reported by the Centers for Medicare & Medicaid Services in the January issue of the journal Health Affairs. Altarum expanded on CMS’ research to include data through October 2023.
Growth rates...
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