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socio-economic gradient in dementia

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Chapter 14 - Social and Private Costs of Dementia
- By Patrick Cloos, Martin Knapp, Jeroen Luyten, Erik Schokkaert, Cheng Shi
Edited by Mathieu Vandenbulcke, KU Leuven, Belgium, Rose-Marie Dröes, Erik Schokkaert, KU Leuven, Belgium
Book:

Dementia and Society

Published online:

26 May 2022

Print publication:

09 June 2022, pp 267-289
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Summary

We give an overview of the huge and increasing economic costs of dementia, both for the persons with dementia and for society as a whole. Public intervention is needed if we want to provide affordable and high-quality care to all persons with dementia. First, although an effective pharmaceutical cure for dementia would undoubtedly be a blockbuster drug for private companies, economic features of the production process of dementia medicines explain the relative underinvestment in private research. Second, there are no well-functioning private insurance markets for long-term care expenditures. Public intervention is needed to stimulate research, to finance care, to reduce inequalities in health and well-being, and address barriers to access to effective treatment and supportive care.