Last week we talked about simple things you can do to decrease the likelihood of falls around your home. This week, we’re also discussing falls, but more specifically, looking at how falls can have an economic impact.
An April 2004 report by the US Department of Health and Human Services (HHS), Office of Disability, Aging and Long Term Care Policy, and ABT Associates, Inc, found that while older adults make up 12% of the population, they account for 30% of all health care costs. The report also indicated that in 2000, direct medical costs related to falls in the population age 65 and older were an estimated $16.4 billion. The CDC projects that by 2020, the annual projected spending as a result of falls is expected to reach $54.9 billion. The economic cost as well as the impact on the individual’s quality of life is why there is an emphasis to have low cost, effective interventions that reduce the risks of falls in the older population.
Check out this week’s technology in the suite section to review items you can use in your home to reduce the likelihood of falls.
To read the report, The Effect of Reducing Falls on Long-Term Care Expenses: Literature Review in its entirety, check out this link: