According to the Center for Disease Control
In a study of people age 72 and older, the average health care cost of a fall injury totaled $19,440, which included hospital, nursing home, emergency room, and home health care, but not doctors’ services (Rizzo et al., 1998). More recent data (the newest available – 2006) show that the average hospital cost for a fall injury is $35,000.
Falls account for 25% of all hospital admissions, and 40% of all nursing home admissions. Forty percent of those admitted do not return to independent living; 25% die within a year. People age 75 and older who fall are four to five times more likely than those age 65 to 74 to be admitted to a long-term care facility for a year or longer.
As the U.S. population ages, both the number of falls and the costs to treat fall injuries are projected to increase. By 2020, the annual direct and indirect cost of fall injuries is expected to reach $54.9 billion (in 2007 dollars).
The direct costs do not account for the long-term effects of these injuries. The other costs of falling can include disability, dependence on others, lost time from work and household activities, and reduced quality of life.
Rizzo JA, Friedkin R, Williams CS, Nabors J, Acampora D, Tinetti ME. Health care utilization and costs in a Medicare population by fall status. Medical Care 1998; 36(8): 1174–88.
*Note: Fall prevention efforts can reduce the risk of falling. Caregivers and older homeowners can become knowledgeable about what needs to be done to make homes as fall-proof as possible. Check here often and search for product ideas that can make you safer in your home!