As of 2023, 53 million people were caring for a parent, a spouse, or another relative, and of those, 37.1 million were providing unpaidpreparations to do so), it’s likely that a significant number of Generation X, millennials, and even Generation Z will soon join their ranks.
It’s important to know that there’s a government-created and -backed monopoly that has been at play for decades leading to these prices. In a normal free market, suppliers would recognize demand and rush to build more facilities, thus driving down the prices. Thus, supply stays limited, costs stay high, and the entrenched companies in a given area make out like a bandit while taxpayers get screwed.
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