Monetary Cost Of Dementia Research Paper

Nearly 135 million people worldwide will be impacted by dementia by 2050 (Robinson, Tang, Taylor,. 2015). Dementia is not a disease, it is an overall term that describes a wide range of symptoms associated with the decline in memory and thinking skills. Dementia is a progressive illness that results in the loss of one’s sense of self (Burns, Byrne, Ballard, Holmes, 2002). The two most common forms of dementia are Alzheimer’s disease and Vascular dementia. Dementia is progressive and people with dementia experience complications with short-term memory, keeping track of personal items, paying bills, taking care of themselves and daily tasks (Haigh, Mytton, 2016). Due to the rising number of individuals developing dementia, it is causing major challenges in the healthcare systems and society (Angermeter, Luck, Then, Riedel-Heller, 2016). Utilizing psychotropic medications are often ineffective or harmful to the individual, therefore, many patients decide to utilize sensory therapy as a form of treatment instead (Livingston, Kelly olmes, et al., 2014). Caregivers of individuals with dementia can also experience health consequences related to caregiving at the end of life. Spousal caregivers are 40.5% higher odds of experiencing frailty as a result of caregiving (Carr, Dassel, 2017). Dementia does not only affect the individual, it affects those around them, society, and the healthcare system.

Dementia does not only impact the people with symptoms and it also disturbs the people who must care for the person. It is estimated that 1.2 million people are involved in the care of people with dementia. It has a financial burden on the Australian economy $4.9 billion in 2009-10. (1)

By the numbers, Alzheimer’s disease looks even worse than it may be. The cost of Alzheimer’s overwhelms the caregiver and everyone involved with the patient. The price businesses pay for Alzheimer’s it detrimental to their industry, show by “A 2002 study showed that United States businesses lost $36.5 billion that year because employees missed work or quit and had to be replaced so that they could care for someone with Alzheimer’s disease” (Adams 24). The caregivers play vital roles in the lives of the sufferer, but the business take an even heavier loss. Heath care is necessary for someone with Alzheimer’s disease, however it can get expensive “The costs of

Dementia refers to a syndrome which results in deterioration in thinking, memory, behavior, and ability to execute everyday activities and duties. Despite the fact that the syndrome is mainly associated with the older people, it is not a normal aspect or part of ageing. One of the major causes of dementia is the aspect of Alzheimer's disease. This disease contributes to about 60 to 70 percent of the cases of dementia. Dementia possesses psychological, physical, economic, and social impacts in relation to the family, caregivers, and the entire society. Dementia affects each individual in a diverse or different way with reference to the impact of the disease and personality following the development of the syndrome (Gao et al, 2013 p. 447).

The interventions used should aim to slower those cognitive, behavioral and functional symptoms of Alzheimer so that we can reduce the costs on social care, rate of hospitalization and other direct, indirect and intangible costs. The treatments provided should also focus on the Incremental Cost-Effectiveness Ratio (ICER) and Quality Adjusted Life Year (QALY) gained after patients undergo treatments so that the effectiveness of certain intervention can be identified and

Dementia is a disorder that leads to a gradual loss of the cognitive capacity of an individual, ultimately affecting one’s daily activities. Dementia does manifests through the accompanying disorders because it does not exist on its own. In other words, dementia is a disorder that comes about through the existence of the related disorders. The main ones are four, but they are not the only disorders that cause dementia. These include Lewy Bodies dementia (LBD), Alzheimer’s disease (AD) and vascular dementia (VD). Others include mixed dementia, Huntington’s disease, Huntington’s disease, Wernicke-Korsakoff Syndrome, Parkinson’s disease, Creutzfeldt-Jacob disease, Normal Pressure Hydrocephalus and Frontotemporal dementia. According to Ram (2006), these disorders have a broad spectrum of impacts on the patients besides having devastating effects on the overall economy of the world’s nations especially when the number is significantly high. The paper intends to dig out the milestones the dementia disorder has undergone.

A major devastating and debilitating disease, Alzheimer 's is a public health issue that affects not only the United States but also countries all around the world. In 2010, there were 35.6 million people living with Alzheimer’s. Researchers and medical personnel expect this number to triple by the year 2050. The disease is costing America an exorbitant amount of money and has become a burden on families, caregivers, medical personnel, the healthcare system, and the nation’s economy. If attention is not focused on this major problem, “nursing homes will be overloaded, caregivers will be burned out, healthcare system will be overwhelmed, and federal and state budgets will be overtaxed” (Alzheimer’s Association, 2011).

An estimated 47.5 million people suffer from dementia. Every 4 seconds one new case of dementia is diagnosed. Dementia is a term that describes certain symptoms such as impairment to memory, communication and thinking. It is a group of symptoms and not just one illness. Even though one‘s chance of getting dementia increase with age, it is not a part of aging. Dementia is usually diagnosed after a series of assessments that includes a physical evaluation, memory tests, imaging studies and blood work. It affects three aspects of one’s mental function, cognitive dysfunction (Problems with memory, language, thinking and problem solving), psychiatric behavior (changes in personality, emotional control, social behavior and delusions) and difficulties with daily living activities (driving, shopping, eating and dressing). “The median survival time in women is 4.6 years and in men 4.1 years” (Warren, 2016).

Dementia is an extremely common disease among the elderly, with 4 million Americans currently suffering from the Alzheimer’s type alone. Figures show that 3% of people between the ages of 65-74 suffer from the disease, rapidly increasing to 19% for the 75-84 age bracket, and as high as 47% for the over 85s. Therefore, it is easy to see why Dementia is such a large part of many people’s lives, whether they are suffering from the condition themselves, or have an elderly relative who requires full time care just to undertake simple day to day tasks. The disease can be extremely traumatic for the patient and their families, as the person, who may have been extremely lively and bright throughout their

There are many ways of paying healthcare providers, physicians, and hospitals. Fee for service, discounted fee for service, capitation, and salary are a few examples of healthcare provider payments. “The traditional way, used both by private health insurers and by government (Medicare and Medicaid programs) is called fee for service” (Hagland, 2015, p.1). Fee for service pays providers according to what procedures are used to treat a patient. Capitation pays providers a set amount for each patient they see. Both healthcare provider payments are extensively used in the United States healthcare system, but fee for service has been in decline over the past decade.

If there is one thing that no one argues about is the cost of healthcare. Despite many policies healthcare in the USA has become an expensive commodity. It is the single most important cause of bankruptcy. For years, the US government has been trying to lower the costs. One of the ways is to let private sector take over the industry. There is always talk that the private sector is more efficient and effective compared to the government. But is private sector cheaper than the government? In the past 4 decades, the private sector in healthcare has become one of the most profitable players in healthcare. The majority of private sector is for profit and certainly it is not in their interest to have low cost medicine. Even though they all write

Health care needs become more challenging every day; in fact, it is one of the biggest problems the American economy faces today. However, within the next 20 years the population of adults ages sixty-five and older is expected to increase and “age is the key factor for development in later life” (Dilworth-Anderson, Pierre & Hilliard, 2012, p. 27). Recent studies have shown there are approximately 5.3 million Americans that have Alzheimer’s disease and it is expected to increase over

Fee-for service arrangements prevailed as the preferred vehicle for financing health care services since World War II. As employers began to offer health insurance, premiums were fixed in such a way that most patients did not bear the full cost of their health care. As employer premiums rose to meet the escalating cost of health care services, efforts by government, business and the insurance industry focused on controlling utilization and reducing health care cost (Cox, 2001). Group health cooperatives were formed as early precursors of the modern health maintenance organization. As managed health care became more widespread, methods of cost containment became more prevalent by defining medical necessity, coverage policies, practice guidelines,

In an effort to lessen the impact this has on the results of the study, the estimates from East Boston were applied to a high, middle, and low series interval of the population. The high, middle, and low series intervals are given to buffer the results of the study. The population may not grow at the rate at it is expected to so the high interval is given in case the population grows at a rate higher than expected, and the low interval in case the population grows at a slower rate than expected. This gives a broader set of results that may be more accurate. Though the results of this study are not exact, the trend that they show is correct and useful. With the baby boomer generation steadily reaching post-retirement age, more people are being diagnosed with Alzheimer's disease and the issue of their care becomes a concern to them and their families. This raises many questions: What is Alzheimer's disease? Is it different from senility or amnesia? What causes it? Does a person with Alzheimer's disease need special care? Can that care be provided for in the home, by family members? Is this a practical way to care for the patient2?

The topic I am writing about is memory loss or more specifically: Dementia and Alzheimer’s disease. Modern medicine has improved significantly in the last decade and the average human lifespan has been extended. However, since humans are living longer, there is also an increased susceptibility for chronic diseases as opposed to infectious diseases. A chronic disease that is slowly on the rise is Alzheimer’s, as it is the sixth leading cause of death in the United States. This topic is important to me because I’ve had numerous encounters with patients with dementia and have seen the impact it has on many families and friends. Additionally, the brain is arguably