Social & economic impacts of dementia Flashcards
In 2015, dementia costs were estimated at ____
US$818 billion or 1.1% of global gross domestic product
By 2030, it is estimated that the global cost of dementia could grow to
US$2 trillion
The combined Canadian health care system costs and out-of-pocket caregiver costs amounted to _____
$10.4 billion in 2016
by 2031 the combined Canadian health care system costs and out-of-pocket caregiver costs could be ____
$16.6 billion
Generally, costs for people with dementia are estimated to be _____
5.5 times greater than for those who do not have the condition.
In 2011, family caregivers provided $_____ in unpaid care
19.2 million unpaid hours of care
Direct costs
Include medical and social/non-medical costs for patients and caregivers
direct cost measurement
data sets or standardized questionnaires that quantify self-reported resource use
direct cost challenges
- not all costs are captured
- self-reported resource use is subjective & difficult to standardize
Indirect costs
Mainly refers to unpaid work of informal caregivers
Two approaches to estimating caregiving cost (indirect costs)
- The ‘replacement cost’
- The ‘opportunity cost (or human capital)’
The ‘replacement cost’ approach:
cost of an equivalent service bought in the market
The ‘opportunity cost (or human capital)’ approach:
estimate of the loss of labor market income
Intangible costs
Quality-adjusted life years (QALYs) are commonly used in cost-effectiveness studies
What is a QALY?
multiplying the duration of time spent in a health state by the HRQOL weight associated with that health state
