Long-term care, particularly nursing home care, can be costly; in 2012, the estimated average annual cost for an individual to receive care in a nursing home was over $85,000.

In that same year, nursing home expenditures in the United States amounted to $158 billion, more than half of the nation’s total spending for long-term care services.

Medicaid— a joint federal-state health care financing program covering certain categories of low-income individuals—is the largest payer of long-term care services and accounted for 32 percent of nursing home expenditures in 2012.

Source: US Government Accountability Office (GAO)

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