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FRIDAY, June 28, 2019 (HealthDay News) — Out-of-pocket costs for nursing home (NH) care are high and rising faster than other medical care and consumer prices, according to a study published online June 20 in Medical Care Research and Review<\/i>.<\/p>\n
Sean Huang, Ph.D., from the Georgetown University Medical Center in Washington, D.C., and colleagues used a unique dataset on NH prices from 2005 through 2010 across eight states to better understand private-pay prices.<\/p>\n
The researchers found that NH price growth consistently outpaced growth in
\nconsumer and medical care prices. For-profit chains charged the lowest prices, individually operated for-profit and nonprofit NHs had similar prices, and nonprofit chains charged the highest prices after adjustment for geographical and facility differences. The difference in price between for-profit and nonprofit chains was about $4,160 annually, or 6.2 percent of the average price of for-profit NHs. There was also substantial geographic pricing variation, with the lowest average NH out-of-pocket costs of $131 a day in Texas in 2010 versus $334 per day in New York. Higher adjusted prices were more likely when NHs had higher occupancy rates and markets were more concentrated.<\/p>\n
“The significant differences in price across organizational and market structures suggest private-pay prices can be an important factor when evaluating and comparing the value of NH care,” the authors write.<\/p>\n
Abstract\/Full Text (subscription or payment may be required)<\/a><\/p>\n <\/i><\/p>\n