CAPOW Joins Others to Urge the Wisconsin Congressional Delegation to Extend ARRA Funding

Study finds increases in nursing home, assisted living costs
By Eileen Alt Powell
AP Business Writer

NEW YORK(AP) Costs for nursing homes, assisted living facilities and some in-home care services have increased for a fifth consecutive year, and could rise further if a shortage of long-term care workers isn't resolved, a new study indicates.

The survey by Genworth Financial Inc., released Tuesday, comes as baby boomers are approaching retirement amid worries that they haven't saved enough to cover day-to-day expenses as well as long-term medical care costs.

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