5 & 50—Two Important Numbers in Health Care Costs

Updated on August 28, 2023

November is National Homecare and Hospice Month.

According to a recent article by the National Association for Homecare and Hospice (NAHC):

“Our country is facing a crisis. It’s summed up in two numbers: 5 and 50. They stand for the 5 percent of patients who account for 50 percent of rising health care costs that threaten to cripple federal government and states. The answer to the problem is also summed up in numbers released by the Department of Labor this year. The latest data from the DOL shows that home care has boomed as America ages and the baby boomers begin entering their golden years. Registered nurses, home health aides, and personal care aides are among the top five occupations projected to see the largest increase in jobs by 2020 as more people need their services than ever before.”

“Home care is the answer to that costly 5 percent of Americans who suffer from multiple, chronic conditions. By keeping them out of hospitals and in their homes, home care saves money — and supports an even greater cause.”

To read more, visit:  http://www.nahc.org/HCHPCMonth/.  

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