The cost of long-term care -- could technology help lower it?
Aging in Place Technology Watch
NOVEMBER 16, 2022
Consider the Genworth data (see Figure 1 ) showing that it cost $108,405 for a private room in a nursing home in 2021, $61,776 for home health aide services, and $54 ,00 0 in assisted living. Note that Medicaid pays between 45-65% of nursing home costs in most states.
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