Demographic Paper

The real question is not what is causing the increase but what is being done to prevent further increases. Bush has planned to add $77 billion to his budget to provide prescription drugs to about 3 million low-income senior citizens over the next 10 years. In January, Bush also unveiled his proposal to give states a 90 percent mat for drug coverage for the nation’s poorest Medicare recipients. Senior citizens with annual income between $8,500 and

Life expectancy has increased over the last century. With this greater survival rate, there needs to be an increase in the rate of spending for Medicare. Despite what one does to improve their health behavior, the need for medical care cultivates as one ages. This need will continue to increase significantly as medicine continues to modernize.

The cost of health insurance has changed drastically over the years as it has become more expensive. Depending on personal characteristic, the cost of health insurance may vary. For instance, as individuals grow older the more expensive it becomes. In this case, health insurance is more costly because “older individuals require more health care” therefore “the cost of providing health care is rising” (Madura &Atlantic, 2012). Not only does this affect the high cost of health insurance, but the number of individuals uninsured. As stated by Madura and Atlantic (2012), “about one in every five workers is uninsured” and has increased since then because health insurance has become unaffordable. As a result, individuals tend to seek health care elsewhere as they can no longer

Baby boomer aging is one of the large causative factors of this increase in demand (Glicken & Miller, 2013, p.1883-1889). According to Glicken & Miller (2013), the elderly population will nearly double in the next fifteen years putting a strain on the healthcare workforce. Also, more than half of physicians have intentions on limiting care access with regards to Medicare patients. Many medical doctors are refusing to care for Medicaid patients. This is a result of the growing number of individuals now with the means to afford healthcare due to the

As this baby-boomer generation continues to age there will be profound effects on the way that money is spent on health care and insurance. With approximately 77 million people turning 65 over the next several years, the amount of government spending on Medicare will greatly increase (Gigante, 2012). Thus, the demand for medical care associated with the aging population will so

One dominant economic feature of the healthcare industry is the growing need for both basic and specialized healthcare due to the continued aging of the “Baby Boomer” generation. This generation consists of over 79,000,000 individuals born in the US between 1946 and 1964. As this generation has aged, the need for healthcare has increased dramatically. Let us take a look at some statistics:

Health care costs have been rising for several years. Expenditures in the United States on health care surpassed $2.3 trillion in 2008, more than three times the

One of the biggest issues that will be affected is Social Security benefits and medical care for everyone. Today twelve percent of the total population is age 65older; by 2080 it will be up to 23%. However at the same time the working-age is shrinking every year, right now the working-age it is 60% and it is believed to drop to 45% by 2080. Social Security is experiencing low work-to-beneficiary ratio which will fall from 3.3 percent in 2005 to two percent in 2040. That is the year that is believed to be when the Social Security trust fund will have been exhausted. Due to this there will be significant challenges that policymakers and all future Americans. Because of that policymakers are now encouraging many to delay retirement and some people are even suggesting that retirement benefits be lowered the main reason for the suggestion is people are living longer than they used to.

“The amount people pay for health insurance increased 30 percent from 2001 to 2005, while income for the same period of time only increased 3 percent.” (Source: Robert Wood Johnson Foundation). The rising cost of healthcare is a huge problem in America today. In this paper I will analyze the different issues and causes for the increase in cost.

It is widely believed that the aging of the U.S. population is a major driver of the annual growth in the demand for health care and in national health spending

Because the United States spends the most on a health care system, one would think that most people in the U.S. would be healthy. This is not the case. Surprisingly, the United States does not have a particularly high life expectancy rate. Within this paper I will discuss heath issues in the United States including how heath effects behavior, economics, and social structure. I will also include key stages of medical technology development and population demographics.

This effect may last for generations past the baby boomers, as social security benefits rely on taxes, and the large amount of baby boomers have more ability than anyone to deplete these resources for future generations. Improvements in medicine will surely increase how long the average person lives, and it will take an increasing amount of money to anticipate these changes. At the same time, the older a person lives, the more risk they are to needing assistance from other publicly funded services such as caretakers, and also to provide them with the medicine they need to get by.

According to the U.S. Census Bureau the number of people 65 and older will possibly double by the year 2030. According to Yager (2008) forecasts are showing that the United States could reach a labor shortage by 2030. As

Over the years, there have been major shifts within the United States in regards to its population. Statisticians have estimated that 20% of the population will be 65 years of age and older. There is an even

From 1970 to the year 2000, the world's over-60 population is projected to increase by more than 90 percent" . This is an astonishing number, seeming how the total population was predicted to grow by less than 75 percent . "The most prominent feature of the looming shift in the composition of the working-age population is, of course, its increasing age" . It is hard to say what will happen when suddenly there will be an abundance of older people who are preparing to retire.