A new study sheds light on the staggering financial for Dementia Care for Elderly, highlighting the dire need for better long-term care funding and support. Discover the eye-opening findings and their potential policy implications.
Discover Cutting-Edge Dementia Care for Elderly Solutions!
Georgia State University, the University of Washington, and the University of California, San Francisco, found unsettling financial burdens of dementia care on older persons and their families in a new study featured by Medical Xpress.
The study examined data from over 4,500 seniors aged 70 and older to reveal dementia patients’ enormous financial burden, highlighting a crucial but frequently overlooked facet of long-term care.
Older persons with dementia in assisted living institutions spend 97% of their monthly income on long-term care, according to studies. Nursing home residents spend roughly 83% of their income on care, highlighting the financial burden dementia patients face. These numbers show how difficult it is for dementia patients and their families to manage the high costs.
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Policy Recommendations and Action Points: Addressing the Financial Challenges of Dementia Care for Elderly
Jalayne Arias, senior author of the study and associate professor in the GSU School of Public Health, stresses the incomparable financial impact of dementia and the urgent need to address it. Jing Li, the study’s principal author, agrees that the research supports anecdotal evidence and stresses the need for effective governmental initiatives to reduce dementia patients’ and families’ financial burden.
The research exposes the policy significance of these findings, especially given the expected rise of older Americans. Due to the financial burden of residential care facilities like nursing homes and assisted living centers, the study authors recommend funding home- and community-based care as a solution for dementia patients.
These findings urge governments to prioritize and implement steps to reduce the enormous financial burden of dementia care on older people and their families.
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