MNCLHD

MNCLHD

Monday, February 27, 2017

Economic cost of dementia in Australia

The economic impact of dementia is a major concern in Australia and internationally as the numbers of people with the condition rise. The National Centre for Social and Economic Modelling has released a report commissioned by Alzheimer's Australia, Economic cost of dementia in Australia 2016-2056. 

The total cost of dementia was estimated to be $6.6 billion in 2002, and $14.25 billion in 2016. The report projects likely future costs of dementia over the next 40 years, providing data on the likely incidence over that time, describing some of the social and economic characteristics of people with dementia, and identifiying its impact on mortality and burden of disease.

The report emphasises the future need for care and provision of care services, both formal and informal and in both the community and in residential care facilities.

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