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Alzheimer's, dementia cost U.S. billions

Posted On Tue, March 20, 2012

The Alzheimer's Association released a report showing that cognitive illnesses such as dementia and Alzheimer's disease will cost the United States approximately $200 billion during 2012.

The 2012 Alzheimer's Disease Facts and Figures report found that of the $200 billion spent this year, $140 billion will be paid by both Medicare and Medicaid. Someone with Medicare who has the illness will cost three times more than someone without the illness.

"Alzheimer's is already a crisis and it's growing worse with every year," said Harry Johns, president and chief executive officer of the Alzheimer's Association. "While lives affected and care costs soar, the cost of doing nothing is far greater than acting now. Alzheimer's is a tremendous cost driver for families and for Medicare and Medicaid."

Consumers who are at risk for cognitive diseases such as dementia and Alzheimer's disease may want to make sure they have a good health insurance plan. One good way to ensure they get a good plan is to compare health insurance quotes.

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