Seniors head to Mexico for cheaper nursing care

CHAPALA, Mexico - Richard Slater lives at a nursing home in Mexico, comfortably settled into his own cottage surrounded by purple bougainvillea and pomegranate trees.

Here, he has plenty of room for his two dogs. He shares a little patio with three other American residents. He gets 24-hour nursing care and three meals a day, cooked in a homey kitchen and served in a sun-washed dining room.

For this, Slater pays just $550 a month, less than one-tenth of the going rate back home in Las Vegas. For an additional $140 a year, he gets complete medical coverage from the Mexican government, including all his medicine and insulin for his diabetes.