Skilled Nursing News June 12, 2024
Expenditures for Nursing facilities and continuing care retirement communities (CCRCs) is expected to reach $237.6 billion in 2026, and $337.4 billion by 2032, according to data released Wednesday.
Nursing homes and CCRCs have been increasing steadily since 2021, states a report prepared by the Office of the Actuary (OACT) at the Centers for Medicare & Medicaid Services (CMS) and published in Health Affairs.
These care settings started at $181.1 billion in annual spending in 2021, with spending increasing by about $10 billion in 2022, then $18 billion in 2023. Spending is expected to reach $216.3 billion by the end of this year.
OACT’s study in 2022 projected nursing home and CCRC spending would reach $273 billion by 2030 and experience...
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