News Headlines Article

Study sees spike in cost of long-term care
Sacramento Business Journal

An unprecedented rise in the number of seniors in California over the next decade could nearly double Medi-Cal long-term-care costs to $12.4 billion annually, a UC Berkeley study concludes. These numbers translate to an 88 percent increase in government spending for institutional long-term care. Baby boomers are driving the bulge, which is expected to hike the number of seniors in the state by 44 percent to 6.9 million in 2023.