Hidden Charges Boost Assisted-Living Revenue

Assisted-living centers in the United States are charging exorbitant fees, making them unaffordable for most Americans. These facilities often charge $5,000 or more per month and add extra fees for services such as medication reminders, assistance with daily activities, and even routine billing. The high costs have led to a profitability boom in the industry, with half of operators earning returns of 20% or more. The rising prices have outpaced inflation, exacerbating the affordability crisis in long-term care for older Americans. The industry argues that the fees are necessary to cover increased staffing and services, but critics argue that it is profiteering at the expense of vulnerable residents.