Alzheimer's and Your Retirement Income

Alzheimer's and Your Retirement Income.

In a recent poll, Americans agree that Alzheimer's and Dementia is a bigger threat to their retirement incomes than any other disease. The rising cost of Healthcare Costs including, in home services, hospitalization and lost income from family caregivers, will erode the retirement savings and incomes. The total cost of Alzheimer's and other dementia is estimated to be $277 billion in 2018.Medicare and Medicaid will spend $186 Billion or 67 percent of its total spending caring for patients with Alzheimer's and other dementias. Patients and their families will spend $60 Billion in real income dollars often coming from retirement savings or at the expense of retirement incomes, reducing their future of quality of life.
These costs are expected to grow with an aging population. The total expected annual cost to Medicare and Medicaid by 2050 will be close to $1 Trillion.
The BOLD Act for Alzheimer's S.2016/H.R.1676 will finally recognize Alzheimer's as an official national health crisis and establish an infrastructure to develop interventions such as unnecessary hospitalization, better delivery care, and better collection of analytical data.
Finding on effective treatment by 2025 and ultimately a cure is critical to save lives and reduce the cost of care by government and families suffering from the disease of Alzheimer's.

I encourage you to ask your Congressman to cosponsor this Bill and Fully fund the FY 2019 Budget Request for Research through the National Institute of Health. I thank Congressman David Scott of Georgia District 13 for his Cosponsorship of the BOLD Act and his ongoing support of Alzheimer's research funding.

James Williams
Smyrna Georgia