Assisted living costs are 55k/yr
Posted on: March 28, 2017 at 16:46:47 CT
Badird MU
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Assume the same 70% of the 6M people using Assisted Living are on medicaid...
6M * 0.7 * 55,000 = $231B
Plus nursing home, Ill correct the math for you...
[1.5M * 0.7 * 83,000] = $88B
88B + 231B = $319B
After just these two things, we are down to $3402/p