Skilled Nursing News December 13, 2023
Nursing homes and continuing care retirement communities (CCRCs) made up $191.3 billion of national health expenditures in 2022, an increase from $181.1 billion in 2021, reaching levels close to the onset of the Covid-19 pandemic.
Pre-pandemic, such expenditures sat between $162 billion and $174.1 billion between 2016 and 2019, according to a survey published by Health Affairs. Data on national health care spending was collected by the Centers for Medicare & Medicaid Services (CMS) Office of the Actuary, National Health Statistics Group.
In other words, nursing home and CCRC spending grew 5.6% in 2022, after dropping 7.8% in 2021. At the start of the pandemic in 2020, spending in this area increased by 12.8%, according to the Health Affairs study....
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