Caring for the elderly is expensive for insurers and for families.
The project is the brainchild of a former Wall Street analyst.
Since the program started in February, there’s been a 60 percent drop in patient falls.
The Gross Domestic Product doesn’t count volunteer work at all, and that includes unpaid care-giving for a sick loved one. But with such high costs for elderly home care, there’s often no alternative, as Marketplace’s Chris Farrell says.
When a senior citizen falls to the ground, the resulting injury can cost tens of thousands of dollars. So health care professionals are working to eliminate the risk of falling down.
Sweden has taken giant steps when it comes to heath care. With one of the oldest populations and highest life expectancies in the world, the Scandinavian nation is using new medical technology to care for its aging citizens.