Elderly Care For The Elderly

860 Words4 Pages
As the need for elderly care is increasing, the problems of caring for the elderly is also increasing. The number of elderly persons in the United States is steadily rising. This brings into play the issue that the cost of the care for the elderly is also steadily elevating: as the cost of living grows, the cost of long- term care is also going to continue to increase. Seven out of ten people will receive long-term care in the United States. In 2010, there were an estimated 40 million people over the age of 65 as well as 5.5 million over the age of 85. By 2050, there will be an estimated 88 million people over 65 along as19 million over the age of 85. With these elevating numbers, elderly care will most likely become harder to afford as well as increasingly challenging to receive. Families will most likely start to look for alternatives for care for their elderly family members. In 2011, there were 210.9 billion dollars spent on long-term care in the United States. Surprisingly, 88 percent of a household’s income for adults can equal a whole years cost for home care. The average cost of living in a nursing home is $84,000 a year and expected to become even more expensive as the years go on. Annually, the cost of living for assisted living is $42,000.

Who pays for all of this? The government (Medicaid and Medicare) helps pay for a lot of these costs. An estimated amount of 63.2 percent (which is $131.4 billion) of the long term care cost was covered by the government

More about Elderly Care For The Elderly

Get Access