Medicaid Tops Funding for Nursing Homes and Residential Care Facilities

According to the 2007 Service Annual Survey: Health Care and Social Assistance provided by the U.S. Census Bureau, Medicaid continued to be the largest source of funding for nursing and residential care facilities in 2007 at $59 billion. The report focuses on health care and social assistance providers for individuals, and gives estimates and sources of revenue for businesses with paid employees.

The reports shows that health care and social assistance revenue increased 6.8 percent in 2007 to $1.66 trillion, up from $1.56 trillion in 2006 and revenue from continuing care retirement communities (CCRC) grew 10.1 percent to $20 billion. The report defines CCRCs as communities that provide a combination of residential, personal care and on-site nursing services.

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