Study finds the cost of treating dementia surpasses that of cancer, heart disease
(ABC) -- A new study finds that treating dementia is more costly than treating cancer or heart disease.
Caring for family or friends who suffer from dementia can be taxing physically, emotionally and mentally. And now, a new study shows that treating dementia also takes a toll financially.
The study – published in The New England Journal of Medicine – found in 2010, between $157 billion and $215 billion were spent on dementia.
The annual cost per person ranged from more than $41,000 to just more than $56,000. About 80 percent of those funds were used to pay for nursing home or at-home care.
The authors say the cost of dementia could double by 2040 unless progress is made to improve treatment of the disease.
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