Annual spending already tops $100 billion for direct treatment; tack on $50-100 billion for informal care like the cost of leaving your job to care for a parent. That works out to $50,000 per person. And those costs are expected to double by 2040.
Dementia carves away the ability of people to care for themselves. Rand economist Michael Hurd, who authored the study, says it’s no mystery why we spend more treating this disease than any other.
"The big cost is the cost for nursing homes, and nursing homes cost a lot," says Hurd, who adds that nursing homes and in-home care makes up at least 75 percent of all spending.
About 4 million Americans suffer from some form of dementia today. By 2040, that number is expected to reach 9 million.
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Dementia is Highest Cost Disease and Rising
1 comment:
I agree. It's getting alot of attention and Big Pharma is probably knocking each other over to be the first to come out with something that may really work.
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