The growth of spending on nursing home services and continuing care retirement communities (CCRCs) increased by 1.4% to $168.5 billion according to the latest figures released by the Office of the Actuary at the Centers for Medicare & Medicaid Services. That is ridiculous. The quality of care should be much higher.
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.
Spending on hospital care reached $1.2 trillion and made up 33% of total healthcare spending in 2018.
Additionally, spending on home health care services reached $102.2 billion, an increase of 5.2%, Medicare and Medicaid made up 75% of home health spending in 2018, the report stated.