Study: LTC Liability Costs Rising 4% Annually

According to Aon Global Risk Consulting, claim severity and loss rates in long-term care have risen 4 percent every year since 2009. During that time, the frequency of claims has stayed the same.

In 2005, liability costs were around $1,000 per bed. By 2013, that number is expected to climb to $1,540 per bed. Claim severity is expected to reach $175,000 per claim by 2013.

The research was sponsored by the American Health Care Association and National Center for Assisted Living.

To download the report, click here.