12 Aug Dementia is a ticking time bomb for health care costs
The proportion of Floridians afflicted with dementia is expected to grow by 50 percent in the next decade. The risk of dementia doubles every five years between the ages of 65 and 95.
This disease overwhelms caretakers and eventually forces patients into high-care nursing homes, using up their savings and pushing them onto Medicaid.
By 2025, Florida is expected to have more than 700,000 Alzheimer’s patients. Each one has an average annual cost of $56,000, reports Florida TaxWatch.
“Florida has an impending Alzheimer’s crisis, and it is sure to increase costs for families, payers and the state,” TaxWatch concludes.
Alzheimer’s is more costly than cancer or heart disease. There is no cure.
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