Filed Under:Health Insurance, Ltci

Nursing home cost rises

U.S. nursing home costs rise an average of about 3.6 percent per year. (AP photo/Genevieve Ross)
U.S. nursing home costs rise an average of about 3.6 percent per year. (AP photo/Genevieve Ross)

Long-term care (LTC) cost inflation may be increasing.

Analysis of new price figures from John Hancock Long-Term Care, a unit of Manulife Financial Corp., show that the rates of inflation for both nursing home care and assisted living facility care have been higher in the past two years than the average for the past five years.

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Nichole Morford

Nichole Morford
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