Pros And Cons Of Population Needing Long-Term Care
Expected Lifetime Costs of Significant “Aging Shocks” for a 65-Year-Old Today Population Needing Long-term Care If we also look at another issue as to why long-term care could be a large burden is the rapid inflation in expenditures for long-term care in recent years. Medicare and Medicaid expenditures on nursing home care were $9 billion in 1980, more than doubling to $25 billion by 1990, and doubling again to $54 billion by 1999. Likewise, Medicare and Medicaid expenditures on home health care increased from less than $1 billion in 1980 to $5 billion in 1990 and to $16.1 billion in 1999, down from a high of $17 billion in 1996 (Health Care Financing Administration 2000; Heffler et al. 2001). With this we can also see that out of pocket