U.S. caregiving costs for Alzheimer's will reach $200 billion in 2012, report predicts
Direct care costs for treating Alzheimer's disease are estimated to be $200 billion in 2012, of which $140 billion is paid for by Medicare and Medicaid, a new report reveals.
While 800,000 Alzheimer's sufferers live alone, most are being treated in a skilled nursing facility, assisted living, or by a family caregiver, according to “2012 Alzheimer's Disease Facts and Figures” report from the Alzheimer's Association. Private insurance accounts for less than one-quarter of the costs, the report states.
Currently, 5.4 million Americans have Alzheimer's disease, and that number is expected to jump 30% by 2025, and triple by 2050. Between 2000 and 2008, the Alzheimer's death rate jumped 66%.
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