The economic impact of Alzheimer's disease is not a new discussion in the world of medicine or the world in general. "AD is the third most costly disease in the US after cancer and coronary heart disease. Average annual costs of caring for patients with AD have been estimated at $80-100 billion dollars in the US." (Zhu, 2013) The cost of caring for diagnosed AD patients have been studied extensively over the years reaching back to a study conducted by Ernst and Hay in 1994. The Total cost of care combines direct, indirect, and intangible costs for a patient. Direct costs refer to the medical costs including physician visits, hospitalizations, medications, and nursing home care. The indirect costs refer to the "the imputed values of resources lost due to illness, including premature deaths, patient and caregiver lost productivity, and unpaid caregiving time." (Zhu, 2013) The intangible costs take into account the pain and suffering by patients and family members and the deterioration in the quality of life for the patient and caregiver. The intangible costs are rarely taken into account my any scientifical studies or research due to the controversy surrounding the real worth.
The following link provides almost all possible information and explanation in regards to the economic impact of alzheimer's including links to studies already conducted from which it takes much of its numerical information.
http://www.ncbi.nlm.nih.gov/pmc/articles/PMC2695165/
Alzheimer's disease (AD), is the most common form of dementia. It affects an aging person's mind, body, and daily living.
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