Home Health Care Expenditure Projected to Grow

Small and large piggy banks in person's hands

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In eight years, the United States is expected to pay $186.8 billion on home health care, which will be the greatest increase compared to nursing homes, retirement communities, and hospitals. This growth is most likely due to a growing aging population and most prefer to receive care in their homes. Policymakers are also of the belief that an individual’s home is the ideal place to receive care.

By 2027, our nation is expected to spend nearly $6 trillion on health, which is an average annual growth of 5.5%. Medicare is expected to be the fastest growing payer for this health care, while private health insurance is expected to be the slowest.

Read the full article here.