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Monday, June 11, 2007  

Alzheimer's Care Set to Inflate Health Coverage Costs

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MSN Health has recently released a study suggesting that 100 million people worldwide may be diagnosed with Alzheimer's disease by 2050. With costs for Alzheimer's care rising alongside diagnoses, how will this effect health coverage costs?

According to the article, "currently, 26.6 million people worldwide have Alzheimer's disease and that number could grow to more than 100 million people by 2050." And more than 40% of those 100 million needing Alzheimer's care will have late-stage disease that requires a high level of care, including nursing homes and cutting-edge medications.

For those who have Medicare or Medicaid, this could pose a serious problem. There are many fears that the costs of Alzheimer's treatment could overwhelm government resources in the next decade. For those who have private health coverage, premiums may rise and deductibles can grow larger.

And of course, the more expensive the treatments, the more expensive the health coverage.

There is talk of providing the Alzheimer's Association with an additional $200 million to fund research into preventing this disease, which could save billions.

The best way to save money today is to shop aggressively for health coverage that covers as much as possible, or covers what Medicare and Medicaid don't cover. Having even minimal coverage will provide the kind of preventative care that can delay and control the severity of almost any disease.

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