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Medicaid Expenses Likely to Skyrocket over Long-term Care Costs

The market insight discusses the long-term care market in the context of the US Medicare expenditure and national expenditure forecasts from 2011–2017. Aspects discussed in this market insight include types of services offered, top laboratories catering to the long-term care market, top long-term care providers in the US market, ownership and distribution of long-term care facilities, annual costs for availing long-term care services in the United States (by state), and distribution of Medicare spending on long-term care.

Long-term Care Services—Introduction

Market Definition:
Long-term care services are for adults and older people who have very limited self-care capacity because of chronic illness, physical injury, or cognitive or mental disability.
Long-term care encompasses services for daily living activities including dressing, bathing, toileting, and medication management to assist people by ensuring optimal quality of life and improving their health with special equipment or devices.
Elder care is possible in several settings; it could be in a home setting among family and friends, within a community or residential setting, or in a nursing institution. Expenditure on long-term care services varies depending on type. Frost & Sullivan estimates that the national expenditure for long-term care services was about $ billion was spent on long-term care in 2013.
There is growing concern about the cost of long-term care services. This is one of the major challenges the federal government is trying to tackle. Medicaid finances a major portion of long-term care payments, and the rest is through Medicare or out of pocket.
Well-known long-term care insurance companies include New York Life, Gensworth, MassMutual, North Western Mutual, John Hancock, and Mutual of Omaha

Table Of Contents

Long-term Care in Extended Facilities and Nursing Homes in the United States
Executive Summary

Executive Summary

Market Introduction

Long-term Care Services—Introduction
Types of Long-term Care Service Units
Types of Long-term Care Services
Long-term Care Provider Profiles
Top Laboratories Offering Clinical Testing Services to Long-term Care Market

Distribution of Medicaid Spending in Long-term Care

Expenditure Distribution for Long-term Care
Medicaid Expenditure Forecast
Comparative Analysis of Medicare Spending Versus National Spending on Long-term Care
Percent Medicaid Spending for HCBS and Institutional Care
National Expenditure Forecast
Distribution of Long-term Care Facilities
Ownership of Long-term Care Facilities
Distribution of Medicaid Spending in Long-term Care

Comparative Analysis of Long-term Care Costs in the United States

Median Costs for Long-term Care Services in the US
Annual Costs of Long-term Care Services by State
Key Findings of Comparative Analysis of Long-term Care Costs

Future of Long-term Care

Future Trends in Long-term Care
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