Economic Value of Informal Caregiving

Economic Value of Informal Caregiving

Economic Value of Family Caregiving: 2004 Peter S. Arno, PhD Department of Epidemiology and Population Health Montefiore Medical Center Albert Einstein College of Medicine Presented at the Care Coordination & the Caregiver Forum Department of Veteran Affairs NIH, Bethesda MD, January 25-27, 2006 Economic Value of Family Caregiving, U.S., 2004 (Billions of Dollars) $500 $483 Billions of Dollars $450 $400 $350 $306 $300 $250 $200 $150 $149 $100 $50

$0 Low Estimate 27.0 Million Caregivers @ $5.15/hr Mid-Range Value High Estimate 28.9 Million Caregivers 30.7 Million Caregivers @ $9.92/hr @ $14.68/hr Projected Number of Family Caregivers, 2004 Based on Data from the National Survey of Families and Households (millions) Number of Caregivers 1987-88 US Caregivers/ US Population US Population Population 1987-88 1987-88 2004 Estimated Number of Caregivers 2004 Male

10.3 82.7 12.5% 102.6 12.8 Female 14.8 90.2 16.4% 109.2 17.9 Totals 25.1 172.9 14.5% 211.8 30.7

Projected Number of Family Caregivers, 2004 Based on the Survey of Income and Program Participation, (millions) No. US No. US Caregiver Caregivers/ Population Caregivers Population Age US Population 1986 US, 1986 2004 1986 No. Caregivers US, 2004 15-18 18.9 0.9 4.9% 16.7 0.8 19-29

43.0 3.6 8.3% 45.2 3.8 30-44 53.6 5.9 10.9% 63.9 7.0 45-64 44.7 6.8 15.2% 70.7 10.7

65-94 28.8 3.7 12.9% 36.3 4.7 Totals 188.9 20.9 11.1% 232.8 27.0 Family Caregivers by Gender, US Based on Data from the National Survey of Families and Households 70% 58% 60% 50%

42% 40% 30% 20% 10% 0% Male Female Distribution of Caregiving Hours Per Week National Family Caregiving Survey % of Caregivers 50% 46% 40% 30% 24% 22% 20% 9% 10% 0% <8

9-20 21-39 Hours of Caregiving Per Week >40 Economic Value of Family Caregiving, U.S., 2004 (Billions of Dollars) $500 $483 Billions of Dollars $450 $400 $350 $306 $300 $250 $200 $150 $149 $100 $50 $0 Low Estimate

27.0 Million Caregivers @ $5.15/hr Mid-Range Value High Estimate 28.9 Million Caregivers 30.7 Million Caregivers @ $9.92/hr @ $14.68/hr Family Caregiving by State, 2004 Home Care, Nursing Home Care, Family Caregiving and National Health Expenditures, U.S. 2004 Billions of Dollars $1,878 $306 $43 Home Care $115 Nursing Home Economic Value Total National Care of Informal Health Caregiving Expenditures (midrange) Expenditure data from Office of the Actuary, CMS, Smith C, et al., Health Affairs. 2006;25.

Recently Viewed Presentations

  • Honey bee inquiries

    Honey bee inquiries

    Hypotheses Bees cannot recognize peppermint scent Bees cannot recognize anise scent Bees cannot recognize lemon scent Protocol Train bees to come to a dish of 25% sugar water scented with anise oil located in a box Place box with scented...
  • LIteracy With Paired Passages

    LIteracy With Paired Passages

    2017 Standards of Learning for English . Secondary English SOLs for communication, reading, writing, and research standards integrate use of multiple texts across all the strands.
  • Coin Operated Amusement Machine (COAM) Division of the ...

    Coin Operated Amusement Machine (COAM) Division of the ...

    - A "Manufacturer" means a person, individual, partnership, corporation, limited liability company, or any other business entity that supplies and sells major components or parts, including software, hardware, or both, to Class B machine distributors or operators.
  • Gene expression databases Sean Eddy, PhD Outline  How

    Gene expression databases Sean Eddy, PhD Outline How

    RNA-seq: the future of high throughput gene expression. Samples (cDNA libraries) are applied to a sequencer. Millions of sequences are generated and mapped onto a genome
  • APPENDIX: Optional PE Instructional Cue Slides for Presenters

    APPENDIX: Optional PE Instructional Cue Slides for Presenters

    How to introduce Poll Everywhere to the audience Make it easy for everyone to participate Preparing to present a poll Create polling activities on your My Polls page.
  • Significant design experience on a ... - Purdue University

    Significant design experience on a ... - Purdue University

    Verification Process. Students will demonstrate that they have met the two requirements for Senior Design (significant design experience on a suitable project and satisfaction of course outcomes by each student) by a verification process.
  • 3.5 Notes: Add and Subtract Radicals

    3.5 Notes: Add and Subtract Radicals

    NEGATIVE exponents NEVER NEVER NEVER NEVER NEVER NEVER NEVER make NEGATIVE answers. Remember scientific notation? 4.3 x 1044vs. 4.3 x 10-44? The first is a very LARGE number.
  • PSHE at Heath Park Assembly Program Tutorial Program

    PSHE at Heath Park Assembly Program Tutorial Program

    DfE Statutory Guidance extract. Subject-specific Curriculum input " To . embrace the challenges of creating a happy and successful adult life, pupils need knowledge that will enable them to make informed decisions about their wellbeing, health and relationships and to...