McKnight's December 5, 2019
The growth of spending on nursing home services and continuing care retirement communities (CCRCs) slowed a bit in 2018, increasing by 1.4% to $168.5 billion. That compares to spending growth of 2% in 2017, according to the latest figures released by the Office of the Actuary at the Centers for Medicare & Medicaid Services.
The agency attributed the slower growth to “slower spending growth in private health insurance spending and a decline in Medicaid spending.” Overall, spending on nursing and CCRC services made up 5% of the total U.S. healthcare spending in 2018.
Healthcare spending increased 4.6% to reach $3.6 trillion in 2018, which was faster...
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