Alzheimer’s Disease is an under-recognized public health crisis. And while the word Alzheimer’s strikes fear in aging Americans more than any other word, globally the number of people diagnosed is expected to double every 20 years. Not only does Alzheimer’s come with a tremendous cost to our healthcare system, it takes an emotional toll on families as they care for their loved ones, while watching them slip away. This episode discusses Alzheimer’s Disease from a caregiver and a public health perspective.
Source: US Against Alzheimer’s
Alzheimer’s is the most expensive disease in the nation.
Alzheimer’s is the most expensive disease in the nation. The financial costs of Alzheimer’s for families and the government are enormous.
Total annual out-of-pocket payments in the U.S. for healthcare, long-term care, and hospice care for people with Alzheimer’s and other dementias is projected to total $259 billion in 2017 and increase to $1.1 trillion by 2050,9 if we don’t develop a treatment or cure.
Medicare and Medicaid cover $175 billion, or approximately 68% of the out-of-pocket healthcare costs. Medicaid payments are on average 23 times higher for those with Alzheimer’s compared to those without, and Medicare payments are three times greater on average. By 2050, Alzheimer’s is expected to increase Medicare and Medicaid costs by over 330%.10
Federal research funding is inadequate for the scope of the problem.