Elder care costs keep climbing locally and nationally

April 10, 2015 2:37 PM

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The annual "Cost of Care" report from Genworth Financial tracks the staggering rise in expenses for long-term care, a growing financial burden for families, governments and insurers like Genworth.

Genworth, which sells policies to cover long-term care, looks at costs for a variety of services, including adult daycare, and home health aides. But it's nursing home bills that are rising at the fastest pace, double the rate of U.S. inflation over the last five years.

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