Simulation shows the high cost of dementia, especially for families
The total average cost to care for a person with dementia was more than $321,000 over about five years, compared to an average cost of $137,280 to care for the same person without dementia, the simulation showed. Typically, 70 percent of the total cost burden fell on the patients and their families to cover with their own labor and out-of-pocket spending, with the balance split evenly by Medicare and Medicaid. In each year, costs of care, which ranged from the informal time and services of family members to acute care hospitalizations, reached as high as $89,000. The findings generally agree with prior peer-reviewed estimates of dementia care costs. But lead author Eric Jutkowitz, an assistant professor in the Brown University School of Public Health, said that because the novel simulation is explicitly based on data about the clinical progression of dementia symptoms, it provides a unique tool for public health officials and other policymakers to ask and answer detailed quest...