Genworth: Nursing Home Costs Hit $75,190

The cost of home care appears to be increasing far less rapidly than the cost of nursing home care, according to Genworth Financial Inc. (NYSE:GNW). Nursing home rates have climbed at an annual median rate of 4.5% for private nursing home rooms over the past 5 years, while the annual median increase has been just 1.7% for licensed home health aides and 2.4% for licensed homemaker services over that same period, according to Genworth, Richmond, Va.

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