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.
Former First Lady Rosalynn Carter once said that “there are only four kinds of people in this world: those who have been caregivers, those who currently are caregivers, those will be caregivers and those who will need caregivers.” Currently an estimated 40 million people providing care to an adult family member or other loved one. […]
In her new book, “Old & Sick in America: The Journey Through the Health Care System” Dr. Murial Gillick addresses many of the common struggles older patients can have with our health care system. These can include being seen briefly in a hospital by a physician you’ve never met before, who isn’t familiar with your […]
Protecting assets from nursing home expenses is an issue that I am frequently asked about. Sometimes it may arise after a heart attack, stroke or other concern. Other times it may arise after a loved one moves into an assisted living facility or nursing home due to Alzheimer’s. Whatever the motivation, it is topic that […]