Navigation Links
Costs for Most Types of Long Term Care in the Nation's Capital Growing Faster than Inflation, According to Annual Genworth Financial Study
Date:4/30/2009

Study Gives Capital-Area Residents Access to Nursing Home, Assisted Living, Home Care and Adult Day Health Care Costs in Nearly Every Zip Code Throughout the District of Columbia

RICHMOND, Va., April 30 /PRNewswire/ -- The cost of most types of long term care in the District of Columbia is rising at a rate outpacing inflation, putting significant financial pressure on those in or near retirement, according to an annual study by Genworth Financial. At the same time, the current economic downturn has led to a decline in home values and investment returns for many residents of Washington D.C., creating further financial planning challenges for many in the nation's Capital.

Nationwide, the annual cost for a private nursing home room is $74,208, or $203 per day, representing an increase of 4 percent annually since 2005. This represents a rate of growth nearly twice that of the median annual inflation rate of 2.3 percent over the same period of time, measured using the Core CPI (which excludes food and fuel) reported by the U.S. Bureau of Labor Statistics. In Washington, D.C., this cost has risen 2 percent annually over the last five years.

Since 2004, Genworth has surveyed the cost of long term care across the U.S. to provide Americans with a clear understanding of the cost of care in their part of the country. With this knowledge, individuals and families can begin to prudently plan for these potential costs. The most comprehensive study of its kind, Genworth's 2009 Cost of Care Survey, conducted by CareScout(R), covers more than 14,000 nursing homes, assisted living facilities, and home health and adult day health care providers in 331 regions across America.

"Many residents of th
'/>"/>

SOURCE Genworth Financial
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4

Related medicine news :

1. U.S. Research Funding Continues to Flatten as U.S. Health Costs Climb - in August 31 Science
2. Over 500,000 Health Care Providers Now Cutting Costs, Saving Time Through CAQH Administrative Simplification Initiative
3. HSA Plans Gain Popularity as Premium Costs Rise
4. Obesity Driving Rising U.S. Health Costs
5. ICMA/CIGNA Survey: U.S. Cities and Counties Begin to Focus on Health Risks and Costs
6. HR Under the Microscope: Metrics to Drive Costs Down Across HR Functions
7. Substantial costs and underreporting of dengue fever, concerns about blood supply face US
8. New Study Shows Lower Costs, Increased Consumer Engagement in Account-Based Health Plans
9. DoD and VA to Reduce Healthcare Supply Chain Costs
10. Governor Rendell Says Mcare Claims and Costs Are 50 Percent Lower Than in 2003
11. AARP CEO Bill Novelli Tells Lawmakers: Controlling Health Care Costs Key to Budget Reform
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/28/2014)... Scottsdale, Ariz (PRWEB) July 28, 2014 ... closed on a new camp property in Cornville, ... provides seriously ill children with the opportunity to ... the campers and families. The organization offers a ... ages 6-15 with chronic and life threatening illnesses ...
(Date:7/28/2014)... (PRWEB) July 28, 2014 Dawn ... including sales, finance, and music. This experience has ... the direction of psychology. Her professional counseling ( ... and court-ordered treatment for offenders in domestic violence. ... Dawning Phoenix, LLC, she enjoys counseling individuals and ...
(Date:7/28/2014)... Thousands of DePuy Pinnacle hip lawsuits ... who were allegedly injured by a metal-on-metal version of ... in U.S. District Court, Northern District of Texas, Bernstein ... July 18, 2014, U.S. District Judge Ed Kinkeade has ... Steering Committee that sought the deposition of a witness ...
(Date:7/28/2014)... HealthDay Reporter MONDAY, July ... are at risk of contracting meningitis because of specific ... to updated recommendations from the largest pediatrician group in ... the potentially deadly infection should continue for adolescents and ... In its first statement on meningococcal vaccines since 2011, ...
(Date:7/28/2014)... divide unless there is enough oxygen present to support ... types circumvent this rule. Researchers at The Johns Hopkins ... cells, warning signals, enabling cancers to continue to divide ... the researchers found that lysosomes the cell,s protein ... also uncovered new evidence that certain drugs can halt ...
Breaking Medicine News(10 mins):Health News:Camp Soaring Eagle Announces New Camp Site 2Health News:Camp Soaring Eagle Announces New Camp Site 3Health News:Dawn M. Echols, M.S., LPC of Dawning Phoenix Speaks at Newly Formed Task Force 2Health News:DePuy Pinnacle Lawsuit News: New Order Issued in Federal Pinnacle Hip Implant Litigation, Bernstein Liebhard LLP Reports 2Health News:DePuy Pinnacle Lawsuit News: New Order Issued in Federal Pinnacle Hip Implant Litigation, Bernstein Liebhard LLP Reports 3Health News:DePuy Pinnacle Lawsuit News: New Order Issued in Federal Pinnacle Hip Implant Litigation, Bernstein Liebhard LLP Reports 4Health News:Doctors Urge Meningitis Shots for Vulnerable Infants, Children 2Health News:Doctors Urge Meningitis Shots for Vulnerable Infants, Children 3Health News:Cell's recycling center implicated in division decisions 2
... DALLAS, Feb. 19 Cholesterol-lowering statins, used by ... may falsely indicate thyroid problems, according to researchers ... studies, low serum TSH, and the influence of ... ."These findings could help physicians make quicker, more ...
... experts say , , THURSDAY, Feb. 19 (HealthDay News) -- A ... people with type 2 diabetes, according to a study that ... sites in Canada and the United States. , The participants, ... in diabetes, underwent cognitive tests designed to measure several aspects ...
... EAST PROVIDENCE, R.I., Feb. 19 IlluminOss ... IlluminOss(TM) Photodynamic Bone Stabilization System for orthopedic surgery, today ... Bone Stabilization System had been performed on a 21 ... metacarpal.With traditional methods of treating fractures, often an incision ...
... Association and nation,s largest animal protection group say taxing ... for pet owners, increased pet abandonment and public health ... California Veterinary Medical Association (CVMA) and The Humane Society ... the California Legislature for responding to the public,s opposition ...
... Kovalic & Timothy Ogata Join Leading Private Telemedicine ... Call, Inc. (SOC) a leading private telemedicine company ... has completed the expansion of its senior management ... fastest growing provider of telemedical consultations to hospital ...
... a Champion for BabiesNEW YORK, Feb. 19 The March of ... MVP, Eli Manning , will return for a second year, ... Manning will be joined by CBS 2 News Co-Anchor, Maurice ... , who will co-host the morning program. "I,m very excited to ...
Cached Medicine News:Health News:Dallas Scientists Discover Statins May Falsely Indicate Thyroid Problems 2Health News:Out-of-Control Blood Sugar May Affect Memory 2Health News:IlluminOss Announces First Human Case Utilizing Its Innovative Photodynamic Bone Stabilization System Technology 2Health News:IlluminOss Announces First Human Case Utilizing Its Innovative Photodynamic Bone Stabilization System Technology 3Health News:Pet Owners Avoid a Tax on Their Pet's Health Care in California's Budget 2Health News:Pet Owners Avoid a Tax on Their Pet's Health Care in California's Budget 3Health News:Specialists On Call Expands Senior Management & Sales Teams 2Health News:Eli Manning to Lead March for Babies(R) in Manhattan 2
(Date:7/28/2014)... , SINGAPORE, and TOKYO , July 28, ... it has appointed Roger Crystal , MD as ... served in the Global Business Development Product Acquisition & ... "Roger,s experience in developing business strategy and partnerships in ... we continue to partner with biotechnology and pharmaceutical companies ...
(Date:7/28/2014)... 2014  ANI Pharmaceuticals, Inc. (NASDAQ: ANIP ... its second quarter and year-to-date 2014 financial results on ... U.S. financial markets. The earnings press release will be ... website, www.anipharmaceuticals.com . Arthur S. ... Charlotte C. Arnold , Vice President and Chief Financial ...
(Date:7/28/2014)... 2014  Isis Pharmaceuticals, Inc. (NASDAQ: ISIS ... Financial Results and Highlights Conference CallWhen:Monday, August 4 at ... How:Live on the Internet. Simply log onto our website ... the live event, a replay of the webcast will ... . ABOUT ISIS PHARMACEUTICALS, INC. Isis is ...
Breaking Medicine Technology:ImaginAb Appoints Roger Crystal, MD as Vice President of Business Development 2ANI Pharmaceuticals Schedules Conference Call for Second Quarter 2014 Financial Results 2Webcast Alert: Isis Pharmaceuticals' Second Quarter 2014 Financial Results Conference Call 2
... AdvaMed 2011: The MedTech Conference -- day ... Abbott, Abiomed, B. Braun Medical, Baxter International Inc., ... MIT MEDRC in Innovation Alley, a showcase of ... sector meet-ups focused on orthopedic, wound management and ...
... 2011 Tengion, Inc. (Nasdaq: TNGN ) today ... its Board of Directors. Mr. Flora brings to Tengion more ... healing and surgical device businesses.  He most recently served as ... Tengion also announced today that Gary Kurtzman, M.D., ...
Cached Medicine Technology:AdvaMed 2011: The MedTech Conference Closing Day Features Life Changing Innovation, Policymaker Addresses 2Tengion Appoints Scott Flora to Board of Directors 2Tengion Appoints Scott Flora to Board of Directors 3Tengion Appoints Scott Flora to Board of Directors 4
... reference laboratory and a worldwide leader in ... an extensive test menu of highly complex ... anatomic pathology. Owned by the University of ... half of the nation's university teaching hospitals ...
... ARUP Laboratories is a national reference laboratory ... research and development. ARUP offers an extensive ... medical tests in clinical and anatomic pathology. ... Laboratories' clients include more than half of ...
... reference laboratory and a worldwide leader in ... an extensive test menu of highly complex ... anatomic pathology. Owned by the University of ... half of the nation's university teaching hospitals ...
... is a national reference laboratory and a ... development. ARUP offers an extensive test menu ... in clinical and anatomic pathology. Owned by ... include more than half of the nation's ...
Medicine Products: