The High Cost of Eldercare
ABC News is doing a series on elder care in the United States: Role Reversal: The High Cost of Elder Care.
Predictably, it talks about some incredible costs, but, the statistic that struck me the most:
A recent estimate puts the market value of this “informal care” market at $102.7 billion in 2005. That’s more than twice what the government spent on Medicare that year.
Putting a price on the kindness of family, friends, and, neighbors when caring for an elderly relative, that is staggering. Actually, the the value of the people who helped us with my mother for those months was even more than that to me.
It’s worth a look, and, in addition, there are more articles, and, USA Today will be covering it this week, as well.
Tags: ABC-News, Aging Parents, cost-of-health-care, The-High-Cost-of-EldercareRelated Stories
POSTED IN: Aging Parents, Media
2 opinions for The High Cost of Eldercare
Robin
Jun 25, 2007 at 5:36 pm
My Mother’s Father died when she was about 16.
My Mother has told me that a neighbor, knowing my Grandmother would not accept help (though she needed it) left a bag of groceries on their porch every week for the longest time.
That really touched me.
btw2.net » Blog Archive » Not all math is digital
Jun 25, 2007 at 9:05 pm
[…] Elizabeth of GenBetween writes, “…the statistic that struck me the most: […]
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