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Study: 56% of Americans Aged 57-61 Spend Time in Nursing Home

Study: 56% of Americans Aged 57-61 Spend Time in Nursing Home
(AP Photo/Tom Mihalek)

By    |   Monday, 28 August 2017 09:17 PM

A new study has found 56 percent of Americans between 57 and 61 will spend at least one day in a nursing home, higher than in some previous studies, Forbes reported.

The RAND Center for the Study of Aging research study found the increase is likely due in part to hospitals discharging people faster – and to an increase in stays at post-hospitalization rehabilitation centers, Bloomberg reported.

As long as someone has been in the hospital for three days, Medicare fully covers the cost of post-hospitalization rehab for up to 20 days, and then pays part of the cost for stays of up to 100 days.

"We found that 56 percent of persons aged 57-61 will stay at least one night in a nursing home during their lifetimes, but only 32 percent of the cohort will pay anything out of pocket," the study researchers said, Forbes reported.

Medicaid is "an extremely important insurance program for the great majority of people in advanced old age," lead researcher Michael Hurd said, Bloomberg reported.

"The very rich won't go on Medicaid, and those that don't go into nursing home won't go on Medicaid. But people who have been middle class their whole lives may find themselves on Medicaid at some point."

The findings were posted online by the Proceedings of the National Academy of Sciences.

"Averaged over all persons, total out-of-pocket expenditures looking forward from age 57 were approximately $7,300, discounted at 3 percent per year," RAND research shows, Forbes reported. "However, the 95th percentile of spending was almost $47,000."

According to Bloomberg, having children does not affect the odds of having a nursing home stay, but children tend to delay the entry of a parent into a nursing home or help a parent transition out of one faster.

People with four or more kids spend about 38 percent less in nursing home costs than those without children, the study found, and having daughters brought the costs down further, Bloomberg reported.

Those with one to three children also paid significantly less than those without children.

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A new study has found that 56 percent of Americans between 57 and 61 will spend at least one day in a nursing home, higher than in some previous studies, Forbes reported.
nursing home, americans, medicaid, study
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2017-17-28
Monday, 28 August 2017 09:17 PM
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