long-term services and support

Just How Valuable Is Family Caregiving?

Posted on 07/19/2013 by | AARP Blog Author | Comments

Caregiving | Public Policy InstituteA welcome recognition of the value of family caregiving came in a recent report by the Congressional Budget Office (CBO), which estimated the economic value of caregiving for older persons in 2011 to be $234 billion. This estimate vastly exceeds the total amount of paid care from all sources (Medicaid, Medicare, private pay and others) for both institutional care ($134 billion) and home and community-based services ($58 billion). The AARP Public Policy Institute has made similar estimates of family caregiving …