Navigation Links
AARP Finds Value of Unpaid Family Caregiving in Illinois Hits $17 Billion
Date:11/26/2008

Hard Economic Times See Billion Dollar Increase in Value of Family Members Taking Care of Relatives in State

CHICAGO,Nov. 26 /PRNewswire-USNewswire/ -- With the economy continuing it's downward turn, family caregivers are stepping up to the plate to help loved ones in need. A new AARP report found the value of unpaid family caregiving in Illinois hits over $17 billion, more than a $1 billion increase since 2006. While nearly 1.5 million family and friends in the state provide care for relatives, that number climbs as high as 2.3 million when short-term caregivers are taken into account.

According to the AARP Public Policy Institute Report, nationally, the value of family caregiving is $375 billion - 7 percent higher than in 2006, when the estimated value was $350 billion. The value exceeds the $311 billion spent on Medicaid in 2007.

"Family caregivers are a vital and largely unrecognized part of Illinois' and the nation's health and long-term care system," said Bob Gallo, Sr. State Director for AARP in Illinois. "We often overlook how much family and friends contribute--whether it's picking up groceries each week or providing daily health care for their loved ones."

The AARP report, "Valuing the Invaluable, The Economic Value of Family Caregiving, 2008 Update," estimates that 34 million Americans provide more than 20 hours of care per week to another adult, making informal caregiving a cornerstone of U.S. health and long-term care.

"Family caregivers are likely to be stretched even further in today's tumultuous economy," added Gallo.

The AARP report notes that informal caregivers of people 50-plus spent an average of $5,531 out-of-pocket in 2007 to care for their loved ones. That spending is often coupled with lost workdays, wages, health insurance and retirement savings. More than one-third of informal caregivers are forced to quit their jobs or reduce their working hours, with women more likely to leave the labor force entirely. Caregivers also frequently struggle with health care bills and medical debt--and experience chronic stress. Even less noticed is the physical and emotional toll caregiving can take.

The AARP report makes several recommendations to assist caregivers, including adopting "family friendly" workplace policies; assessing caregivers' needs and providing them with needed supports; expanding funding for the National Family Caregiver Support Program and the Lifespan Respite Care Act; and supporting family caregivers in chronic care coordination programs and care transitions.

The full report is available online at: http://www.aarp.org/research/housing-mobility/caregiving/i13_caregiving.html.


'/>"/>
SOURCE AARP
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Annual report to the nation finds declines in cancer incidence and death rates
2. Pregnancy study finds strong association between two antidepressants and heart anomalies
3. Study of ancient and modern plagues finds common features
4. Allsup Finds Healthcare Costs Consuming Larger Part of Fixed Incomes
5. Report finds extensive use of illicit alcohol
6. New Study Finds CO2 Ablative Fractional Resurfacing Safe And Effective For Deep Acne Scarring
7. Study finds Canadas supervised injection facility cost-effective
8. Gulf War research panel finds 1 in 4 veterans suffers from illness caused by toxic exposure
9. Research Finds The Brazilian Acai Absorbs Much Better Than Any Other Fruit
10. Quitting Smoking Saves Lives and Money: New American Lung Association Report Finds Most States Failing to Adequately Protect Residents and Their Bottom Line
11. The miseries of allergies just may help prevent some cancers, study finds
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/26/2017)... ... ... The 2017 American Academy of Cosmetic Surgery World Congress on Liposuction meeting ... latest about cosmetic procedures to remove and replace fat, but also how stem cells ... is magical, especially when it comes to the cosmetic patient,” says cosmetic surgeon Dr. ...
(Date:9/26/2017)... ... ... Millennium”: a gripping take on how the author used personal experience to strengthen the ... do not affect daily choices. It shows how to act like the heirs of ... chosen. “How to Live in the Millennium” is the creation of published author, Gina ...
(Date:9/26/2017)... ... ... of My Song”: an intriguing and thought-provoking on love, life, and depression. “Sound of ... a passion for music and ancestral history. , Published by Christian Faith Publishing, ... depression, and finding love through the journey. There is powerful imagery in the poems ...
(Date:9/26/2017)... , ... September 26, 2017 , ... “The Tour Guide”: is the life story of ... the creation of published author, David Alexander Stark, is an adventure tour guide and the ... circled around to the back to confront fifteen shocked faces. I played it off as ...
(Date:9/26/2017)... ... 2017 , ... Time out for Daddy is a moving story of a ... grownups make mistakes. “Time Out for Daddy” is the creation of published author Debra ... whose passion for children inspired her to write this book. , Published by Christian ...
Breaking Medicine News(10 mins):
(Date:9/9/2017)... 8, 2017 Dealmed Medical Supplies, ... medical equipment, supplies, drugs, vaccines, and specialty medical products ... an agreement to acquire Vantage Medical Supplies, a major ... Holtsville, New York . ... and emerging medical practices, will operate under the Dealmed ...
(Date:9/7/2017)... , Sept. 7, 2017  Eli Lilly ... announced actions to streamline operations to more efficiently ... improve its cost structure. Global workforce reductions, including ... are expected to impact approximately 3,500 positions. ... company expects annualized savings of approximately $500 million ...
(Date:9/7/2017)... , Sept. 7, 2017 Caris ... focused on fulfilling the promise of precision medicine, ... validate the benefits of its molecular profiling approach ... utilized comprehensive genomic profiling plus (CGP+) with Caris ... patient,s tumor on a molecular level, leading to ...
Breaking Medicine Technology: