Nursing home costs increase by largest amount in over 25 years ...Middle East

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The price of nursing homes and adult day services jumped dramatically last month, new data shows. Recently released data from the Bureau of Labor Statistics show that the price of nursing homes and adult day services shot up by 2.4 percent in July compared to the previous month, the largest single-month increase since 1997. But the spike could be just an outlier and not signal a trend. “We will need to wait and see if this was a one-time aberration or part of a longer-term trend,” Beth Mace, an economist and senior advisor at the National Investment Center for Seniors Housing & Care, told Yahoo Finance. "Keep in mind that the unusually large July increase followed thre

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Nursing home costs increase by largest amount in over 25 years ...Middle East

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