Families provided $470 billion in unpaid care to loved ones in 2013

“Families provided $470 billion in unpaid care to loved ones in 2013,” by Lisa Rapaport, Reuters.

Family caregivers in the U.S. provided an estimated $470 billion in unpaid medical support and other services to their loved ones in 2013, up from $450 billion five years earlier, according to a recent report from AARP.

Those unpaid services are worth more than total Medicaid spending for 2013 and also more than annual combined sales that year from the four largest U.S. technology companies (Apple, Hewlett Packard, IBM and Microsoft), researchers say.

An estimated 40 million family caregivers worked an average of 18 unpaid hours each week helping spouses, parents, partners and other loved ones, AARP estimated.

Almost half of the caregivers performed complicated tasks such as giving injections, operating medical equipment, and wound care.

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