ACT Economic Model
Understanding the Economics Will Help Us ACT
Alzheimer's Disease is One of the Costliest Chronic Diseases in the Nation
In 2017, the direct costs to American society of caring for those with Alzheimer's and other dementias will total an estimated $259 billion. By 2050, Alzheimer's will cost an estimated $1.1 trillion (in today's dollars). This dramatic increase includes a nearly five-fold increase in government spending under Medicare and Medicaid. See the Alzheimer's Association 2017 Facts and Figures report
Medicaid savings associated with caregiver intervention and dementia is the focus of a July 2017 article published in The Gerontologist® (Oxford University Press). The research is a result of the ACT-commissioned economic model detailed below.
Economic Model of Savings for Minnesota with Intervention for Alzheimer's Disease and Other Dementias
In April 2014, ACT on Alzheimer's developed an economic model that provides information on the potential cost savings associated with in-person caregiver support for persons with Alzheimer’s disease and other dementias. Results have been presented from both the Minnesota societal perspective as well as from the state Medical Assistance perspective.
This research provides Minnesota policy makers and health care leaders with relevant estimates of potential cost savings to help guide the investment of resources in the future.
Estimating The Potential Cost Savings From The New York University Caregiver Intervention In Minnesota, Health Affairs, April 2014, 33: 4596-604
Abstract click here
The ACT-commissioned economic model was selected by the Neurology Today editorial advisory board as an influential Alzheimer's/Dementia research study for 2014.