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Issue 194
Soaring Dementia Care Costs Reach £42 Billion ... And Set to Rise to £90 Billion by 2040
Dementia care costs could soar to £90billion-a-year by 2040 without urgent government action, new research has revealed. The Alzheimer's Society has warned the figure has already hit £42billion and is calling on the Government to make dementia a priority and urgently fix diagnosis as just 1.4% of dementia healthcare costs are spent on diagnosis and treatment, with families shouldering 63% of the costs. The charity commissioned one of the largest UK studies on the economic
impact of dementia. The research was undertaken by CF (Carnall Farrar Ltd) using the records of 26,000 people, dating back seven years. It revealed that people living with dementia and their families are shouldering 63% of all dementia costs and that as the disease progresses, total costs increase significantly, rising from £29,000 per year for mild dementia to £81,000 for severe dementia.
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