Dementia Care Spending: Hit $277B, for in-home care and still rising exponentially1 min read

“Soaring prevalence, rising mortality rates and lack of an effective treatment all lead to enormous costs to society, [and] Alzheimer’s is a burden that’s only going to get worse,” said Keith Fargo, Ph.D., director of scientific programs and outreach for the Alzheimer’s Association, in a press release.

Key Observations & Facts:

 

    • In The current total estimated lifetime cost of caring for someone with dementia is pegged at $341,840.

 

    • Total spending on home care for people with dementia nearly doubled between 2004 and 2011

 

    • For seniors without dementia, average annual per-person payments for health care and long-term care total about $7,400 in 2017 dollars.

 

    • Figure rises to $24,122 for people who have dementia.

 

    • Comorbid conditions (simultaneous presence of two chronic diseases) are also common in people with dementia, with coronary artery disease and diabetes being the most prevalent other diagnoses – drives up spending.

 

    • Current trends suggest that an increasing proportion of this spending will go toward in-home care.

 

You can learn more about this from Alzheimer’s Association & credit to Home Healthcare news

Written by Gravity Care – August 12, 2017

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