AARP

Family Caregiving Estimated at $24 Billion in New York State

Published in Healthcare Finance, Tax and Law Weekly, July 11th, 2007

Millions of family caregivers provide billions of dollars worth of care to loved ones each year according to a new AARP study released today. AARP estimates the economic value of family caregiving at $350 billion in 2006. In New York State, the estimated value of this care is $24 billion.

"Family caregivers play a vital role and are the backbone of long-term care in our state," said Lois Aronstein, state director, AARP New York. "While the care they provide often goes unnoticed, their contributions often delay or prevent more costly nursing home care and that can have a positive impact on our state Medicaid budget."

Most family caregivers are women...

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Source: Healthcare Finance, Tax and Law Weekly (2007-07-11)

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