SOURCE: Alzheimer's Foundation of America

Alzheimer's Foundation of America

December 10, 2014 13:06 ET

Alzheimer's Foundation of America Statement on Proposed $25 Million Increase for Alzheimer's Disease in FY'15 Federal Budget

NEW YORK, NY--(Marketwired - December 10, 2014) - The Alzheimer's Foundation of America (AFA), a leading national nonprofit organization dedicated to providing optimal care for people with Alzheimer's disease and their families, issued the following statements to Congressional appropriators, whose proposed fiscal year (FY) 2015 budget includes a $25 million increase for Alzheimer's disease research at the National Institutes of Health (NIH).

Statement from Bert Brodsky, AFA's board chairman:

"The Alzheimer's Foundation of America (AFA) commends the efforts of Congressional appropriators in elevating the importance of Alzheimer's disease research in the FY'15 federal budget. This proposed funding increase will help propel our country toward achieving a core goal of the National Plan to Address Alzheimer's Disease: to find a cure or meaningful treatment for the disease by 2025. While AFA appreciates the proposed $25 million increase, especially during this time of fiscal restraint, we are hopeful that this modest increase will pave the way for greater funding in Alzheimer's disease research and care in future budgets -- funding that is more in line with investments in other chronic disease states."

Statement from Charles J. Fuschillo, Jr., AFA's president and CEO:

"Simply put, we can and must do more to confront the growing health crisis that is Alzheimer's disease. Currently, Alzheimer's disease, which results in loss of memory and other intellectual functions, affects more than 5 million Americans and is the only leading cause of death with no cure or treatment. That number is expected to nearly triple by mid-century, as the Baby Boomer generation continues to reach the at-risk age of 65. Consistent with those estimates, a recent report [1] finds that as these baby boomers age, the financial burden of Alzheimer's disease on the United States will skyrocket from $307 billion annually to $1.5 trillion.

"Congress and the Administration have taken the initiative in adopting the national Alzheimer's plan and setting ambitious, but achievable goals. Adequate resources are necessary, however, if we are to achieve these goals and make meaningful progress toward eradicating Alzheimer's disease and related dementias."

[1] Zissimopoulos, J., et. al., The Value of Delaying Alzheimer's Disease Onset, Forum for Health Economics and Policy. ISSN (Online) 1558-9544, ISSN (Print) 2194-6191, DOI: 10.1515/fhep-2014-0013, November 2014.

Alzheimer's Foundation of America (AFA)

The Alzheimer's Foundation of America, based in New York, is a national nonprofit organization that unites more than 1,700 member organizations nationwide with the goal of providing optimal care and services to individuals confronting dementia, and to their caregivers and families. Its services include a toll-free hot line staffed by licensed social workers, educational materials, a free quarterly magazine for caregivers, and professional training. For more information about AFA, call toll-free 866-232-8484, visit www.alzfdn.org, follow us on Twitter, and "like" us on Facebook.

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