News from the New England Journal of Medicine today finds that the cost of caring for people with dementia (including Alzheimer's) will more than double in the next couple of decades. That's because the nation's population is aging, and because the care can be expensive. Most of the estimated $215 billion dollars these diseases cost the economy can be chalked up to long term care.
In less than 20 years, a quarter of the state’s population will be older than 60. Rhode Island Public Radio is looking at this growing demographic in a series we call “The Silver Boom: Aging in Rhode Island.” Weekend Edition Host Bradley Campbell sat down with the Program Coordinator at Sage Rhode Island, Sally Hay, to talk about issues facing the aging gay and lesbian community.
Explore more stories in our series, The Silver Boom: Aging in Rhode Island.
Rhode Island's prison population is aging. Should we release old and frail prisoners? Should we keep them in special nursing homes for prisoners? Let us know what you think and why in the comments section below.
These are the average costs, over time, of some long-term care options in Rhode Island.
Note that the assisted living figure is monthly ($3528 in 2012), the nursing home rate is daily ($265 in 2012), and the home health aide figure is hourly ($24 in 2012). That means that if you or a loved one needed 365 days of nursing home care, for example, the cost would be about $97,000 for the year. If you needed about 20 hours of help a week from a home health aide every day of the year, that would work out to about $25,000.