On the recordFebruary 12, 2015
Mr. President, Alzheimer's is a terrible disease that takes a tremendous personal and economic toll on the individual, the family, and society. In addition to the human suffering it causes, Alzheimer's costs the United States an estimated $226 billion a year, including $153 billion from the Medicare and Medicaid Programs. These costs will only skyrocket as the baby boom generation ages. Already our Nation's costliest disease, Alzheimer's is projected to cost more than $1.1 trillion if nothing is done to change its current trajectory. It is now estimated that nearly one in two of the baby boomers reaching age 85 will develop Alzheimer's. As a consequence, chances are that members of the baby boom generation will either be spending their golden years suffering with Alzheimer's or caring for someone who has it. In many ways Alzheimer's has become the defining disease of this generation. If we are to prevent Alzheimer's from becoming the defining disease of the next generation, it is imperative that we dramatically increase our investment in Alzheimer's research. At a time when the United States is spending some $226 billion a year caring for Alzheimer's patients, we are spending less than three-tenths of 1 percent of that amount--under $600 million a year--on research. This makes no sense. We currently spend $4.5 billion a year for cancer research, $3 billion a year for research on HIV-AIDS, and $2 billion for cardiovascular research--all investments that have paid dividends.…





