On the recordDecember 9, 2010
Alzheimer's is a devastating disease that takes a tremendous personal and economic toll on both the individual and the family. Today, an estimated 5.3 million Americans--including more than 25,000 Mainers--are living with Alzheimer's disease, more than double the number in 1980. If nothing is done to change the current trajectory, 13.5 million Americans over the age of 65 will have Alzheimer's disease by 2050. In addition to the suffering it causes, Alzheimer's costs the United States $172 billion a year, primarily in nursing home and other long-term care costs. This figure will only increase exponentially as the baby boom generation ages. If nothing is done to slow or stop the disease, Alzheimer's will cost the United States $20 trillion over the next 40 years. At a time of mounting deficits, the increasing number of Alzheimer's cases has dire implications for our Federal budget as well. The average annual Medicare payment for an individual with Alzheimer's is three times higher than for those without the condition. For Medicaid, average payments are nine times higher. Failure to achieve progress in the fight against the disease will result in Alzheimer's costs to Medicare skyrocketing more than 600 percent and costs to Medicaid growing more than 400 percent by 2050. Despite these alarming projections, to date there is no national strategy to defeat Alzheimer's, and our efforts to combat the disease have lacked coordination and focus.





