The High Costs of Alzheimer's

Alzheimer's deaths in Oklahoma are rapidly rising

Cost of care for Alzheimer's will increase by $20 over previous year, a 2018 Alzheimer's Disease Facts and Figures report released today. "Soaring prevalence, rising mortality rates, and lack of an effective treatment all lead to enormous costs to society. Alzheimer's is a burden that's only going to get worse", he said in an association news release.

According to the estimated data, cost of care for Alzheimer's will increase to more than $1.1 trillion by 2050.

Every 65 seconds someone in the USA develops Alzheimer's disease, according to a recent study by the Alzheimer's Association. About 5.7 million Americans have Alzheimer's disease - 5.5 million of them aged 65 and older.

While the number of deaths from heart disease decreased by 11 percent from 2000 to 2015, the association says the number of Alzheimer's-related deaths increased by 123 percent in the same time period.

Given the long duration of this disease, the strain on Alzheimer's caregivers can last years and produce serious declines in caregiver physical, emotional, and financial well-being. Almost half of all caregivers who help older adults are caring for someone with Alzheimer's or another dementia. Families bear 70 percent of that cost through out-of-pocket expenses and the value of unpaid care.

On its own, such an approach would cost around £9 billion per year - but could slash nearly £13bn off the overall cost of dementia to health services and the economy.

Dementia caregivers also spend almost twice as much out-of-pocket ($10,697) as other caregivers ($5,758), the findings showed.

Alzheimer's is the 6th leading cause of death and most expensive disease in the United States.

"Out of the top 10 chronic diseases, we are the only one that doesn't have a cure or a way to slow it down", Cindy Miller, a Dementia Care Specialist, said.

The report from dementia charity Alzheimer's Research UK warns that the government and NHS must be ready to cope with the cost of new Alzheimer's treatments - and associated diagnostic procedures - that could run into billions.

"Discoveries in science mean fewer people are dying at an early age from heart disease, cancer, and other diseases", Fargo said.

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