Low acceptance of these services, high cost, restricted government funding, and decreased medicaid and medical reimbursements are a few of the barriers preventing the Nursing Care Services Market from expanding. For instance, according to recent data from the U.S. Department of Health and Services published in Modern Health Talk (mHealthTalk), nursing care services are expensive, costing about $83,000 per year for a private room, and Medicaid costs are covered by the federal government about 57% of the time. Due to growing awareness of skilled nursing care, the for-profit nursing care services segment currently owns the majority of the nursing care services market share.
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