Impact of Alzheimer's disease on Corporate America

Alzheimer's disease costs corporate America $33.16 billion a year.

The business community is often unaware of its annual expenditures impacted by Alzheimer's disease, primarily because of the popular belief that the disease affects only individuals who have retired from the workforce. That misconception overlooks the millions of currently employed people caring for a family member with the disease.

Companies experience lost productivity due to tardiness, absenteeism and interrupted work of employed caregivers. Frequently, employers face the added costs of hiring and training replacement workers when caregivers are compelled to leave their jobs.

Many businesses are stepping to the forefront to find solutions to these problems by becoming members of the Alzheimer's Association.

Recognizing the impact that Alzheimer's disease has on caregiving employees, many businesses are working cooperatively with the Alzheimer's Association to provide much-needed resources to their employees, from referral services for financial and legal advice, caregiving options and medical care to caregiver support groups and education opportunities.

Become a corporate leader in the fight against Alzheimer's disease. Become a member today!

Alzheimer's Cost to U.S. Businesses

Caregivers:

Caregiver absenteeism: $ 7.89 billion
Productivity loss: $13.22 billion
Replacement of caregivers who leave: $ 3.59 billion
Continuing insurance for workers on leave and fees to temp agencies: $ 1.32
Cost of Employee Assistance Programs (EAPs): $ 0.0055 billion

Caregiving total: $26.0255 billion

Medical Care and Medical Research:

Business share of health care costs: $ 7.09 billion
Business share of research on Alzheimer's: $ 0.05 billion

Health total: $ 7.14 billion

TOTAL: $33.1655 billion

Data taken from a 1998 study prepared for the Alzheimer's Association by Ross Koppel, Ph.D., Social Research Corporation, Wyncote, PA and Department of Sociology, University of Pennsylvania. For a complete copy of the study, please call the Alzheimer's Association, National Capital Area at toll-free (866) 259-0042.

© 1997 - 2002 Alzheimer's Association, National Capital Area. All rights reserved.

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