Dementia may cost Canadians $872 billion

News Release
Alzheimer Society

A report released by the Alzheimer Society today to mark Alzheimer Awareness Month reveals alarming new statistics about the projected economic and social costs of dementia in Canada. Rising Tide: The Impact of Dementia on Canadian Society, says that, if nothing changes the prevalence of dementia will more than double in 30 years, with the costs increasing ten-fold.
“Today, someone in Canada develops dementia every five minutes. In 30 years, there will be one new case every two minutes,” says David Harvey, Principal Spokesperson for the Rising Tide project. “If nothing changes, this sharp increase in the number of people living with dementia will mean that by 2038, the total costs associated with dementia will reach $153 billion(1) a year. This amounts to a massive cumulative total of $872 billion(2) over this 30-year period.”
Recognizing the urgent need to start turning the tide of dementia, the new report also outlines a series of potential interventions that could help minimize the impact of the disease. For example, one of the four proposed interventions looks at the benefits of delaying the onset of dementia in people by just two years, with a potential cost savings of $219 billion(2) over the 30-year period.
“Hope lies in making changes today that will lessen dementia’s crippling effect on Canadian families, the health care system and the economy,” says Richard Nakoneczny, Chair of the Alzheimer Society of Canada. “More than ever, research is a critical contributor to this change. With an increased investment in research, we will learn more about prevention, possibly even discover a treatment to delay the onset of the disease and reduce its impact substantially.”
Other findings from Rising Tide: The Impact of Dementia on Canadian Society include:
-Pressure on the health care system: In 2008, more than 103,700 people developed dementia. By 2038, 257,800 new cases per year are expected.
- Pressure on families: The hours of care delivered by unpaid family members are expected to more than triple, increasing from 231 million hours in 2008, to 756 million hours by 2038.
-Possible ways to alleviate pressure on families, the health care system and the economy:
Rising Tide proposes four hypothetical intervention scenarios, backed by current evidence that could become critical factors in reducing the impact of dementia. They include:
-The benefits of physical activity on reducing the risk of developing dementia
-The benefits of a combination of risk reduction strategies in delaying the onset of dementia by two years (a delay that could possibly also be achieved through the discovery of a new treatment);
-The importance of supporting family caregivers who are struggling with the overwhelming emotional and financial hardships of providing care, as well as easing further pressure on the health care system
-The importance of a “system navigator” to help families find the right services at the right time.