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In contrast to nursing homes, which are primarily funded by Medicaid and Medicare, assisted living homes have traditionally been financed privately. As a result, “it makes sense” that they would naturally be found in areas of higher income, said David G. Stevenson, assistant professor of...
Two issues could stem from the uneven distribution of assisted living units, according to Stevenson: capacity and efficient use of state funds. Residents of rural or lower income areas may face difficulty accessing assisted living units and be forced to relocate, and since nursing homes are generally more expensive for...
Currently, assisted living is not covered by most states and is paid out-of-pocket by individuals. Grabowski said the system “accentuates a two-tiered elderly health care,” in which people from lower income communities live in Medicaid-financed nursing homes, while...
“We never get calls about lack of beds or space, and people who look for [assisted living] aren’t finding them only in places with rich people or big cities,” Wiliams said, pointing to homes in Wisconsin and Florida with only four...
There have already been mixed signs of stabilization in price and demand. Home prices rose month over month for six consecutive months through October, according to Standard & Poor's Case-Shiller Home Price Composite 10 Index, although prices are still down year over year. However, the most recent figures from...