Dementia Care Costs More than Care for Cancer or Heart Disease
"DementiaCare Cost is Projected to Double by 2040”, a New York Times story by Pam Belluck, reports on Rand Corporation research that shows 15 percent of people age 71 or older –some 3.8 million people—have dementia. By 2040 that number is expected to be 9.1 million. The study found that direct healthcare costs, including nursing home care, for people with dementia exceeds the cost of caring for people with cancer or heart disease. The Rand research was financed by the federal government and published in the New England Journalof Medicine. The NEJM reported total monetary cost of dementia in 2010 was between $157 billion and $215 billion. Medicare [paid for $11 billion.