Genworth Financial released information and findings regarding the cost of long-term care in 2013, after surveying nursing homes, assisted living facilities, adult day healthcare facilities, and home care providers. Long-term care provides support services, health services, and personal care to older adults who are frail and those requiring special assistance for self-care. One of the most noticeable trends discovered was a steady increase in the cost of long-term care among providers with facilities in the United States. In the last five years, this increase has been recorded at approximately 4.45 percent.
Nursing homes generally deliver care to older adults around the clock. In 2012, almost 59,000 regulated and paid long-term care providers served approximately 8 million people in the United States. Nursing homes in the United States cost an average of $207 per day for a semi-private room, with private room care reaching a $230 average per day.