2013 World Alzheimer’s Report Says: Cost of Alzheimer's will Triple

More than 35 million people worldwide live with Alzheimer’s today. By 2050, that number is expected to more than triple to 115 million. The 2013 World Alzheimer's Report, titled " Journey of Caring: An Analysis of Long-Term Care for Dementia," forecasts that the cost and burden of caring for people with dementia will approximately triple by 2050 because a cure has not yet been discovered.

 

The World Alzheimer's Report, which was produced by researchers at King’s College in London, identifies areas in which specific actions could lead to improvements in the quality of care for people with dementia and strategies to make the care more affordable.

 

The report reveals that:

 

• As the world population ages, care provided by family, friends, and community will require much greater support;
• More attention needs to be paid to maintaining and enhancing quality of life and helping those affected and their families to live well with dementia;
• Increases in research funding are needed to reenergize the work on dementia prevention, treatment and care;
• The quality of care in nursing homes should be monitored through the quality of life and satisfaction of residents, in addition to routine inspections, as nursing homes will remain an important component of long-term care;
• Autonomy and choice should be promoted during all stages of the dementia journey, prioritizing the voices of people with dementia and their caregivers;
• Health and social care systems should be better integrated and coordinated to meet people’s needs;
• Caregivers must be adequately trained and systems should be in place to ensure paid and unpaid caregivers are properly valued;
• Governments need to make dementia a bigger priority.

 

People with Alzheimer's live on average four to eight years after they're diagnosed, but some may live 20 years beyond their initial diagnosis. Do you have a loved one who is suffering from Alzheimer’s? Persons with Alzheimer’s and their families face special legal and financial needs. At the Fairfax and Fredericksburg Medicaid Planning Law Firm of Evan H. Farr, P.C., we are dedicated to easing the financial and emotional burden on those suffering from dementia and their loved ones.  If you have a loved one who is suffering from Alzheimer’s, we can help you prepare for your future financial and long-term care needs.  We help protect the family’s hard-earned assets while maintaining your loved one’s comfort, dignity, and quality of life by ensuring eligibility for critical government benefits. Call 703-691-1888 to make an appointment for a no-cost consultation.

 

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