Alzheimer's & Medicare Spending To Boom Over Next 25 Years
Posted on Thursday, July 23, 2015 9:12 AM
According to an analysis from the Alzheimer's Association, more than 28 million baby boomers will develop Alzheimer's disease over the next 25 years, consuming nearly 25% of Medicare spending. As more baby boomers develop the disease, researchers expect more severe forms to develop, leading to greater Medicare costs. By 2020, caring for those individuals will cost approximately $12 billion, and about 2.1% of total Medicare spending. By 2040, projected Medicare costs will have increased to $328 billion, consuming 24.2% of total Medicare spending. The Alzheimer's Association says that they are seeking more funding for research due to the report's findings. Recent research states a new treatment could delay the onset of Alzheimer's by five years, saving about $220 billion within the first five years, and cutting the number of people diagnosed by 42% by 2050. Click here to read more.
Corridor is the nation’s preferred partner and trusted business advisor to home health and hospice providers, providing quality services and impactful results for 30 years. Focusing on key operational, regulatory and financial challenges, Corridor delivering industry-unique solutions and deep expertise in coding, clinical documentation review, compliance, billing and collections , consulting and provider staff education . At Corridor, we make the business of caring for people Better! For the most important industry updates and news that impacts home health and hospice, please make sure to sign up for our weekly newsletter to receive the latest up-to-date industry information direct to your inbox!
For additional information, please contact Corridor at 1-866-263-3795.Go Back