Long-term care sector sees 400 percent increase in liability cost

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Date: June 2005
From: Healthcare Financial Management(Vol. 59, Issue 6)
Publisher: Healthcare Financial Management Association
Document Type: Article
Length: 454 words

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Liability costs in the long-term care sector continue to spiral out of control, according to a recent study commissioned by the American Health Care Association. The study, which evaluated facilities representing 23 percent of the total long-term care beds in the United States, found that the frequency of claims filed annually in the nation's long-term care sector has more than doubled.

Particularly striking was the study's finding that general liability and professional liability costs for the long-term care industry have increased more than 400 percent over the past 11 years, reaching essentially a plateau in 200l. The study recorded that the GL/PL costs to maintain an occupied bed in a long-term care facility...

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Gale Document Number: GALE|A133315866