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Medicare Cuts Stalled Growth of CCRC, Senior Care Spending to $151 Billion
Healthcare spending for freestanding skilled nursing facilities and continuing care retirement communities increased slightly to $151 billion in 2012, representing a deceleration in spending growth from the previous year, according to the Centers for Medicare & Medicaid Services (CMS). In 2012, spending in these two senior care sectors increased 1.6%, compared to a 4.3% growth in 2011, according to the National Health Expenditures report. Read more…
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