US long-term care costs are sky-high, but Washington state’s new way to help pay for them could be nixed
- Written by Marc Cohen, Mel King Fellow, MIT CoLab; Clinical Professor of Gerontology and Co-Director LeadingAge LTSS Center, UMass Boston
Getting a room in a nursing home comes with a sky-high price tag.Jeremy Poland/E+ via Getty ImagesIf you needed long-term care, could you afford it?
For many Americans, especially those with a middle-class income and little savings, the answer to that question is absolutely not.
Nursing homes charge somewhere around US$100,000 a year, while...
