Long term care providers seem to be increasing their prices at about the same rate as the general inflation rate.
The total cost of 2008 care averaged about $75,000 per year for a private room in a nursing home, $67,000 for a semiprivate room in a nursing home, and $35,000 for a unit in an assisted living facility, according to researchers at John Hancock Life Insurance Company, Boston, a unit of Manulife Financial Corp., Toronto.
The average cost of home care was about $19 per hour.
The researchers based their statistics on data from 11,000 care providers collected by an outside firm.
Another firm supplied the data when Hancock conducted a similar analysis in 2002.