Hanoock's New Product- So Innovative, They Will Patent It

[Arthur Rudnick]

many of the recent cost of care surveys are showing the inflation rate for LTC expenses 0% to 2% in many states.

Does that mean no baloney sandwich?

Traditionally, the medical index has run 1%-2% above inflation. The CPI does not include the medical index in their calculations.

Nursing homes & ALF costs have been running about a 4%-5% annual increase, home care has been less and yes, in some states flat.

BUT, you & I don't live in "some states" NY & NJ have some of the highest LTC costs in the country.

 

[Mr_Ed]

Does that mean no baloney sandwich?

Traditionally, the medical index has run 1%-2% above inflation. The CPI does not include the medical index in their calculations.

Nursing homes & ALF costs have been running about a 4%-5% annual increase, home care has been less and yes, in some states flat.

BUT, you & I don't live in "some states" NY & NJ have some of the highest LTC costs in the country.

genworth cost of care survey has 3% inflation rate for past 5 years for home care and nursing home care.

i have no idea where you're getting 5% from.

I'm sure it's 5% in Arthurville.