1999
DOI: 10.1377/hlthaff.18.2.182
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The Economic Value Of Informal Caregiving

Abstract: This study explores the current market value of the care provided by unpaid family members and friends to ill and disabled adults. Using large, national data sets we estimate that the national economic value of informal caregiving was $196 billion in 1997. This figure dwarfs national spending for formal home health care ($32 billion) and nursing home care ($83 billion). Estimates for five states also are presented. This study broadens the issue of informal caregiving from the micro level, where individual care… Show more

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Cited by 554 publications
(337 citation statements)
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“…Finally, the fifth hypothesis clearly confirms, both at the 6 month visit as well as at 12 months, that the number of hours for care and supervision of the patient spent by the primary caregiver, family, friends and neighbors, is the variable with the highest predictive value for total cost, which is congruent with previously published data [18][19][20][21]52,53]. This is sensitive to the cost per hour attributed in the analysis and depending on the own patient and family earnings as could be observed in the sensitivity analysis.…”
Section: Discussionsupporting
confidence: 89%
See 1 more Smart Citation
“…Finally, the fifth hypothesis clearly confirms, both at the 6 month visit as well as at 12 months, that the number of hours for care and supervision of the patient spent by the primary caregiver, family, friends and neighbors, is the variable with the highest predictive value for total cost, which is congruent with previously published data [18][19][20][21]52,53]. This is sensitive to the cost per hour attributed in the analysis and depending on the own patient and family earnings as could be observed in the sensitivity analysis.…”
Section: Discussionsupporting
confidence: 89%
“…This also occurs with the cost of this disease in other developed economies such as the US [53] or the United Kingdom [54].…”
Section: Discussionmentioning
confidence: 98%
“…9,12,33,34 In a recent national survey conducted in the general population by the National Alliance for Caregiving and the American Association for Retired Persons, estimates of time spent providing informal care ranged from 13.3 hours per week for frail elderly to 31.8 hours per week for cancer patients, and 29.9 hours per week for individuals with dementia. 33 Because the majority of cancer survivors are neither newly diagnosed nor at the end of life, 1 the periods requiring the most intensive care, a general population sample will also identify more caregivers of patients in the long-term survivorship phase, the period requiring the least intensive care.…”
Section: Discussionmentioning
confidence: 99%
“…2,49,50 It will be important for future research to follow how these trends, and the public policy responses to them, affect the already significant effort expended by informal caregivers. 51 Especially salient is how the U.S. long-term care system will be organized and financed to meet the increasing needs of those with dementia and their families. 52 In the meantime, physicians caring for individuals with chronic disease should be aware of current public and private resources designed to provide information and support for caregivers, and make referrals to such programs when appropriate.…”
Section: Discussionmentioning
confidence: 99%