The cost of nursing homes and other assisted living facilities continues to rise significantly.

The cost of nursing homes and other assisted living facilities continues to rise significantly, according to the Market Survey of Long-Term Care Costs conducted by insurance provider MetLife. Private-room nursing home rates rose 4.6% in 2010, increasing to an average of $229 per day or $83,585 per year, while assisted living rose 5.2% on average to $3,293 per month, or $39,516 per year. "The cost of care in nursing homes and assisted living has been and continues to be high and, in the past year, the increases have even outpaced medical care inflation of about 3%," Sandra Timmermann, director of…

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