A current study indicates that more than 28 million baby boomers will develop Alzheimer's by 2050. And, the Medicare cost of caring for them will soar from 2.1 percent of spending, to 24.2 percent of spending. An effective treatment could cut these numbers in half.
Will governments and the private sector invests the amounts needed in research to insure that an effective treatment is found? Right now the answer is - No.
- More than 28 million baby boomers will develop Alzheimer’s between now and mid century, and the cost of caring for them will consume nearly 25 percent of Medicare spending in 2040,
- As the baby boomers with Alzheimer’s age, there will be a shift toward more severe forms of the disease, leading to greater Medicare costs.
- In 2020, the projected Medicare costs of caring for baby boomers with Alzheimer’s in the community ($11.86 billion, in 2014 dollars) will be 2.1% of total Medicare spending.
- By 2040, when the baby boom generation is aged 76-94, the projected Medicare costs ($328.15 billion, in 2014 dollars) increase to 24.2% of total Medicare spending, according to the new analysis.
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NEW ANALYSIS SHOWS MORE THAN 28 MILLION BABY BOOMERS WILL DEVELOP ALZHEIMER’S DISEASE; WILL CONSUME NEARLY 25% OF MEDICARE SPENDING
Urgent Need for Investment in Treatments That Delay or Prevent the Disease. New Findings
“The risk of Alzheimer’s increases with age, and as baby boomers get older, the number of people developing the disease will rise to levels far beyond anything we’ve ever seen before.” Fortunately, there is a pipeline of experimental therapies that have the potential to delay the onset of Alzheimer’s and perhaps even prevent the disease.”
- Maria Carrillo, PhD, Alzheimer’s Association Chief Science Officer
- “Public funding for this research is extremely limited compared to the magnitude of the problem".
- "If we're going to change the current trajectory of the disease, we need consistent and meaningful investments in research from the federal government to ensure a more robust pipeline.”
- “Where we've made significant commitments – heart disease, cancer, HIV/AIDS – we’ve generated effective treatments and prevention strategies, and reduced death rates".
- "Now is the time to do the same for Alzheimer’s disease.”
An Alzheimer’s Association report released this year, Changing the Trajectory of Alzheimer’s Disease: How a Treatment by 2025 Saves Lives and Dollars, shows that the economic and health care burden we face over next two decades could be greatly mitigated if a treatment that delays the onset of Alzheimer’s by five years is introduced by 2025.
According to the report, a treatment that delays disease onset could save $220 billion within the first five years of its introduction.
It would also cut the number of people who have the disease in 2050 by 42% – from 13.5 million to 7.8 million.
Baby Boomer Alzheimer’s Numbers and Costs to Skyrocket in the Next 20 Years
At AAIC 2015, Lisa Alecxih and colleagues from The Lewin Group, Falls Church, VA, reported on a model of Alzheimer’s incidence, prevalence and cost that was developed for the Alzheimer’s Association to examine the current and future trajectory and economic impact of the disease.
The research team developed models that chart the trajectory and economic impact of Alzheimer’s based on the rate of new diagnoses, the number of people who will be living with the disease, and the cost of medical and long-term care between 2015 and 2050. They factored in the costs that Medicare pays for beneficiaries with Alzheimer’s, mortality rates and the varying costs of caring for people in different stages of the disease (mild, moderate, severe). Key findings include:
- The prevalence of Alzheimer’s among American baby boomers will rise from 1.2% in 2020, when most boomers will be in their 60s and early 70s, to an astonishing 50.1% in 2050, when all the boomers will be age 85+. This means that by 2040, more than twice as many baby boomers will have Alzheimer’s disease (10.3 million) compared with the equivalent age group in 2015 (4.7 million).
- When the first baby boomers turn 70 in 2016, Alzheimer’s prevalence in their age group will jump from less than 1% among individuals ages 65-69 to nearly 2.5% among individuals ages 70-74. At the same time, the number of Americans needing Alzheimer’s care and support will increase dramatically, with huge cost implications for decades to come.
The new data reinforces the value of ensuring strong implementation of the National Plan to Address Alzheimer’s Disease to achieve its goal of preventing and effectively treating Alzheimer’s by 2025, Alecxih added.
Reported at the Alzheimer’s Association International Conference 2015.
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