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.
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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.What’s the Difference Between Alzheimer’s and Dementia