Dementia cost between $159 billion and $215 billion in the United States in 2010, according to the results of a study conducted by RAND Corp. and the University of Michigan, Ann Arbor.
These costs are equal or greater than those incurred by treating heart disease and cancer, according to a press release about the study.
The study took into account informal, unpaid care and lost wages. Altogether, it costs between $41,000and $56,000 per year to pay for one patient’s dementia care.
About 15 percent of people in the U.S. who are older than 80 have dementia.