Assisted living communities (ALFs), which provide a community for residents who require assistance throughout their day, is an important part of the long-term care system in the US. Trained individuals assist residents with activities known as Activities of Daily Living (ADL). The costs of ALFs are paid either out of pocket, by Medicaid or by Long-Term Care Insurance (LTCI). Medicare does not pay for ALFs. Monthly costs of ALFs have increased over the past five years on an average of 4.1%. The major reason for this cost increase is probably the increased healthcare needs of the baby boomers generation, but an increase in Alzheimer’s disease may also be a factor.
Kisling, A., Paul III, D. P., & Coustasse, A. (2015, March). Assisted living: Trends in cost and staffing. Paper presented at the 2015 Business and Health Administration Association Annual Conference, at the 51st Annual Midwest Business Administration Association International Conference, Chicago, IL.
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Theme: Healthcare Economics. MBAA conference programs are available at http://www.mbaainternational.org/programarchive.php. Copyright © 2015 the authors. All rights reserved.