More often than not, media warns us of the reality and effects of Alzheimer’s and other dementia related diseases. While medication advertisements way provide us with a sense of temporary relief, the reality of the disease is all too real.
In 2018, Americans will have spent over $277 billion to take care of a loved one with Alzheimer’s disease – this is more than heart disease and cancer put together. Out of these financials, only about $186 billion with be paid by Medicare and Medicaid. While there is no cure for Alzheimer’s, researchers are just scratching the surface of the causes of the disease and preventative care. Without any future breakthroughs, by 2050, Alzheimer’s disease healthcare costs in America are projected to cost more than $1.1 trillion dollars!
This exponentially rise is more than a four-fold increase of out-of-pocket spending, and in government spending under Medicaid and Medicare. The costs of health care and long-term care for individuals with Alzheimer’s and other dementias, like Parkinson’s disease, are substantial. Dementia is known as one of the costliest conditions in modern day society, as there is no cure for these various types of dementia, and the assisted support along can be astronomical in costs for families.
Hospital stays for Alzheimer’s and dementia patients have double every year, compared to other geriatric illnesses. Many times, when your loved one has Alzheimer’s or dementia, there can be other underlying health complications or chronic conditions to be considered. With nursing homes and assisted living facilities filling from Alzheimer’s patients, there is not enough specialty care to handle the volume of patient we predict in 2050.
What families of Alzheimer’s patient can do it to get educated of symptoms and caregiving. Plan ahead – if you need long-term care or in-home care, it may be beneficial to have a plan of action written down. Getting paperwork or other records together can be proactive, as well as keeping your loved one healthy with fresh foods and exercise.
Help at Home can provide around the clock care for your senior loved ones by providing a stable, positive environment for seniors living with Alzheimer’s, helping them to stay active, social, and stay healthy.
Located in Greenwich, CT, Alzheimer’s and Dementia Care / Help at Home, LLC is proud to be a top rated home health care provider in Fairfield County, CT, Westchester County, NY, Manhattan, NY and beyond. Our clients are our family and we treat everyone with compassion and care. Contact us today to see how we can help you and your loved ones.
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