Time is money—or is it?
Estimating the costs of informal caregiving
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In this issue of Neurology, Hickenbottom et al. estimate the annual costs of informal care for elderly patients with stroke in the United States to be $6 billion.1 This estimate was based on interview data from a representative cohort of the community-dwelling US elderly population aged 70 and over. This estimate would presumably be higher if younger community-dwelling patients as well as institutionalized patients (many of whom receive some unpaid caregiving) were also included. Nevertheless, informal caregiving costs for stroke would not likely exceed 20% of the recent estimate of $43 billion for other direct and indirect costs of stroke care in the United States.2
In deriving their estimate, the authors make several assumptions: 1) respondent (or proxy) reports of physician-diagnosed stroke are accurate; 2) respondents (or their proxies) accurately report the hours of informal care; 3) statistical adjustment for various covariates associated with the use of informal care allows accurate quantification of the additional hours of informal care attributable specifically to stroke; 4) all individuals surveyed live a full year, and their informal caregiving is constant over the year; and 5) the opportunity cost of informal caregiving provided by a retired elderly person is the same as the national median wage for a home health aide. Although these assumptions could be tested and refined, the authors’ assumptions are typical of similar studies for other conditions (e.g., AD). Certainly, the authors’ estimate of less …
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