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The True Cost Of Alzheimer’s Disease

Americans are spending $226 billion annually to treat the symptoms of Alzheimer’s disease and other dementias.senior woman and a book

If left unchecked, this could pose a big threat to the healthcare system. In the U.S., there are 5.3 million people diagnosed with Alzheimer’s disease. The majority of these people are seniors age 65 or older, which means the disease will climb significantly as the baby boomers get older.

That aging of America has the Alzheimer’s Association estimating that the number of Alzheimer’s patients in the U.S. will reach 7 million people by 2025, and double that by 2050, ultimately costing Americans $1.1 trillion.

Last year, more than 17.9 billion hours were spent by family and friends caring for Alzheimer’s patients. That unpaid care works out to a $217.7 billion economic cost to our country, as well as the $9.7 billion in costs associated with caring for caregivers. Americans spending on Alzheimer’s treatment is borne heavily by government, particularly Medicare.

Currently, about $1 of every $5 spent by Medicare is on Alzheimer’s treatment. By 2025, this could account for $1 out of every $3.

In 2012, the total out-of-pocket costs associated with caring for Alzheimer’s disease patients totaled $44 billion. If we break down the cost of care per patient per year, it costs an average $47,752 per year to care for an Alzheimer’s patient. If that patient is being cared for by a residential facility, the cost sky-rockets to $75,217 per year.


Excerpt taken from
The Motley Fool

 

 

About Eliza Jennings
Eliza Jennings, a not-for-profit organization providing excellent care and services to older adults on Cleveland’s West Side for more than 129 years, is a nationally recognized expert committed to helping people make the most of the aging experience. Eliza Jennings communities include the Eliza Jennings Health Campus in Cleveland; the Renaissance Retirement Campus in Olmsted Township, and Devon Oaks Assisted Living community in Westlake. Eliza Jennings offers a full spectrum of choices for aging adults, including independent and assisted living, skilled nursing and rehabilitation services, respite care, and adult day programs. Eliza Jennings offers a full range of home and community-based services including skilled home health care, a nurse practitioner house call program, and clinic services. Eliza Jennings is the first aging services organization to offer SAIDO Learning, a non-pharmacological cognitive therapy shown to improve the symptoms of Alzheimer’s disease and other dementias among older adults. For more information about Eliza Jennings or any of its programs and services, visit elizajennings.org or call 216.226.5000.

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