HONG KONG: The cost of assisted living care is increasing dramatically according to the 12th annual Cost of Care Survey.
“The survey shows a dramatic increase in facility based care, including assisted living and care home facilities, while the cost to receive care at home through a home health aide is rising at a more moderate growth rate,” said the insurance company funded research.
The yearly costs that consumers pay for assisted living care has risen 2.5 per cent annually over the last five years. Costs have increased at a faster rate in the past year.
The most expensive place for one-bedroom, single-occupancy assisted living care in 2015 is…