U.S. caregiving costs expected to reach $200B in 2012: report
By Paul Wilson
ProWEB Wire (Industry News)
The costs of direct care for treating Alzheimer’s disease are expected to reach $200 billion in 2012, according to a new report.
The report, “2012 Alzheimer’s Disease Facts and Figures,” said that $140 billion of the total cost will be paid for by Medicare and Medicaid, while less than one-quarter is paid by private insurance accounts.
Although 800,000 people with Alzheimer’s live alone, the majority are currently being treated in a skilled nursing facility, assisted living, or by a family caregiver, the report said.
The number of Americans with Alzheimer’s disease rose 66 percent between 2000 and 2008, and is expected to increase 30 percent by 2025, the report said.