Alzheimer’s By the Numbers
By Rick Law, Estate Planning Elder Law attorney at the multi-generational firm of Law Elder Law. Located in Aurora, IL, LEL is the home of the Estate Planning Center at Law Elder Law, serving seniors, boomers, and their families. A recently published list shows us everything we need to know about the statistics of who is affected by Alzheimer’s disease. Too many people in all walks of life are affected by this debilitating disease, and the incidence of Alzheimer’s disease and related dementia are only projected to increase over the coming decades. See the full report from Alzheimer’s.net “The Cost of Alzheimer’s Care
- The cost of caring for Alzheimer’s patients in the U.S. is estimated to be $226 billion in 2015. (Alzheimer’s Association)
- The global cost of Alzheimer’s and dementia is estimated to be $605 billion, which is equivalent to 1% of the entire world’s gross domestic product.
- Medicare and Medicaid are expected to pay $154 billion in 2015 for health care, long-term care and hospice for people with Alzheimer’s and other dementias.
- Aggregate Cost of Care by Payer for Americans Age 65 and Older with Alzheimer‘s Disease and Other Dementias: Medicare $113 Billion, Medicaid $41 Billion, Out of pocket $44 Billion, Other $29 Billion.
- 1-in-9 Americans over 65 has Alzheimer’s disease. (Alzheimer’s Association)
- When the first wave of baby boomers reaches age 85 (in 2031), it is projected that more than 3 million people age 85 and older will have Alzheimer’s. (Alzheimer’s Association)
- One-third of Americans over age 85 are afflicted with the illness. (Alzheimer’s Association)
- 5.3 million Americans are living with Alzheimer’s disease. (Alzheimer’s Association)
- Unless a cure is found, more than 16 million Americans will have the disease by 2050. (Alzheimer’s Association)
- Alzheimer’s disease is the 6th leading cause of death in America. (Centers for Disease Control)
- 1-in-3 seniors die with Alzheimer’s or another kind of dementia. (Centers for Disease Control)
- Typical life expectancy after an Alzheimer’s diagnosis is 4-to-8 years. (Alzheimer’s Association)
- In 2014, the 85-years-and-older population includes about 2 million people with Alzheimer’s disease, or 40 percent of all people with Alzheimer’s age 65 and older. (Alzheimer’s Association)
- By 2050, there could be as many as 7 million people age 85 and older with Alzheimer’s disease, accounting for half (51 percent) of all people 65 and older with Alzheimer’s. (Alzheimer’s Association)
- Proportion of People With Alzheimer’s Disease in the United States by Age: (Alzheimer’s Association) 85+ years – 38%, 75-84 years, 44%, 65-74 years, 15%, <65 years, 4%”