Extra! Extra!

Home, But Not Alone

The U.S. Census Bureau estimates that the number of people age 65 and up will more than double from 1996 to 2030, from 33.9 million to almost 70 million. And to cut back on health care expenses and increase their comfort, many may turn to the home-care industry.

  • Home care is the second fastest-growing industry in the United States and the fastest-growing segment of the health-care industry.
  • In 1990, there were 1,884 Medicare-certified freestanding, for-profit home-care agencies (33 percent of Medicare-certified agencies). In 1996, the number rose to 4,658 (47 percent).
  • Annual expenditures for home care in 1996 were $36 billion.

Contact Source

ALLIANCE Business Centers NETWORK, (800) 869-9595, http://www.abcn.com

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This article was originally published in the August 1998 print edition of Entrepreneur with the headline: Extra! Extra!.

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