Alzheimer’s is one of the most expensive health conditions in the U.S. More than 5.4 million Americans currently suffer from the disease and the cost of caring for those Alzheimer’s patients will exceed a quarter trillion dollars this year alone. According to a recent article in the Huffington Post: “Rising Numbers of Alzheimer’s Patients Could Bankrupt Medicare”, total costs in the last five years of life for people with Alzheimer’s and other forms of dementia amount to approximately $341,000 – 57% higher that the costs for those without the disease. By 2050 as the number of Americans with Alzheimer’s doubles, the annual of cost of caring for those with Alzheimer’s is expected to rise to $1.1 trillion. At some point, Medicare and Medicaid – which cover about two-thirds of the total Alzheimer’s related medical costs – will “single handedly collapse.” Something needs to be done to address this issue before significant cuts are imposed.
The Consumer Financial Protection Bureau has released three helpful resources on reverse mortgages. The first addresses the issues of using a reverse mortgage to delay taking Social Security. The second resource provides an overview on many important concepts regarding reverse mortgages. The final resource is a two minute YouTube video that provides a limited overview […]
Kaiser Health News reported that in 2016 nearly 600,000 seniors took advantage of end of life consultations that are now covered by Medicare. 2016 was the first year health care providers were allowed to bill for the service and the number of seniors who used the service nearly doubled the 300,000 that was projected by […]
According to a recent USA Today article (“Extra virgin olive oil staves off Alzheimer’s, preserves memory, new study shows”), researchers at Temple University’s Katz School of Medicine have shown that extra virgin olive oil protects against memory loss, preserves the ability to learn and reduces conditions associated with Alzheimer’s disease. Studying two groups of mice […]