Pattaya Daily News

21 September 2010 :: 14:09:09 pm 39622

Report Estimates Cost of Dementia at US$604 billion

The costs associated with dementia will amount to more than 1% of the world’s gross domestic product this year, according to a recent World Alzheimer Report.
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International, the 21st of September 2010: The report stipulated that the degenerative disease cost more that the revenues of retail giant Wal-Mart or oil firm Exxon Mobil. As the global financial burden continues to escalate, authors of the report stipulate the disease to pose the most significant health and social crisis of this century.

With the number of people suffering with dementia expected to double by 2030, and more than triple by 2050 the report urges the World Health Organisation to make dementia a world priority.

Analysts however, predict that the costs of caring will inherently rise to higher levels than the rising cases, due to more ‘formal’ social healthcare systems and the rising opportunity costs that this presents. Data from individual countries such as the UK suggests that dementia is already one of the costliest illnesses.

Professor Martin Prince, of the UK’s Institute of Psychiatry and who co-authored the report, urged nations to develop better plans for caring for the millions who have the disease. “Governments must show greater leadership, working with all stakeholders, to drive solutions to the long term care issue.”

Marc Wortmann, head of Alzheimer’s Disease International, an umbrella group of organisations, said: “History shows that major diseases can be made manageable – and even preventable – with sufficient global awareness and the political will to make substantial investments in research and care options.”

Dementia experts say governments must lead the way in ensuring national dementia strategies are fully implemented and dementia research is given enough funding to find new tests, treatments and possibly a cure.

Reporter : John Weston   Photo : PDN staff   Category : World News

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