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According to the Australian Bureau of Statistics 2001 paper on the health and well-being of Carers, Carers save the Australian Federal Government over $30 billion a year, according to the same statistics there are over 300 000 Young Carers (Carers Australia states that a Young carer is any carer under the age of 25 [1]) with 1.5 million potential young carers, where potential is defined as a ...
India's cultural view of elderly care is similar to that of Nepal. Parents are typically cared for by their children into old age, most commonly by their sons. [46] In these countries, elderly citizens, especially men, are viewed in very high regard. Traditional values demand honor and respect for older, wiser people. [47]
There are many reasons why U.S. healthcare costs are higher than other OECD countries: Administrative costs. About 25% of U.S. healthcare costs relate to administrative costs (e.g., billing and payment, as opposed to direct provision of services, supplies and medicine) versus 10-15% in other countries.
This would suggest that the impact of ageing populations on health care costs is not inevitable. In United States prisons, medical costs for an ageing inmate could be above $100 per day as of July 2007, while typical inmates cost $33 per day. Most States DOCs report spending more than 10 percent of the annual budget on elderly care. That is ...
Drug costs have increased substantially, rising nearly 60% from 1991 through 2005. Despite attempts to contain costs, overall health care expenditures rose to 10.7% of GDP in 2005, comparable to other western European nations, but substantially less than that spent in the U.S. (nearly 16% of GDP). [89]
These days some of the major corporate hospitals are attracting patients from neighboring countries such as Pakistan, countries in the Middle East and some European countries by providing quality treatment at low cost. In 2005, India spent 5% of GDP on health care, or US$36 per capita.
Additionally, depressed elderly were admitted to hospitals for an average stay of 20.7 days while non-depressed individuals were admitted for an average of 13 days. The overall direct health care costs of depressed elderly were found to be 5422 Euros annually, and in non-depressed elderly 3624 Euros annually. [7]
With a growing elderly population, the number of patients in these long term facilities needing more care creates a jump in financial costs. Based on research done in 2010, [240] annual out of pocket costs jumped 7.5% while the cost for Medicare grew 6.7% annually due to the increases. While Medicare pays for some of the care that the elderly ...