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Health Care Costs

Published on December 31st, 2019

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.

Joe Pioletti
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