As the need for elderly care is increasing, the problems of caring for the elderly is also increasing. The number of elderly persons in the United States is steadily rising. This brings into play the issue that the cost of the care for the elderly is also steadily elevating: as the cost of living grows, the cost of long- term care is also going to continue to increase. Seven out of ten people will receive long-term care in the United States. In 2010, there were an estimated 40 million people over the age of 65 as well as 5.5 million over the age of 85. By 2050, there will be an estimated 88 million people over 65 along as19 million over the age of 85. With these elevating numbers, elderly care will most likely become harder to afford as well as increasingly challenging to receive. Families will most likely start to look for alternatives for care for their elderly family members. In 2011, there were 210.9 billion dollars spent on long-term care in the United States. Surprisingly, 88 percent of a household’s income for adults can equal a whole years cost for home care. The average cost of living in a nursing home is $84,000 a year and expected to become even more expensive as the years go on. Annually, the cost of living for assisted living is $42,000.
Who pays for all of this? The government (Medicaid and Medicare) helps pay for a lot of these costs. An estimated amount of 63.2 percent (which is $131.4 billion) of the long term care cost was covered by the government
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.
Then live another expected fifteen plus years past 65, and insurance that covers long-term care services will broaden to include more than institution care and will embrace a comprehensive selection of possibilities leaning towards home-based care services.
The problem of rising healthcare costs is to be addressed because of its nation-wide significance. Predictions given by economic analyst suggest that funding for Medicare will run out of money and will not be operate-able by the year 2024 if government remains the major payer for healthcare and the costs of Medicare continue to rise. Government will not be able to continue financing the healthcare system on its own (Gersh, 2011).
June reflected a drop in price for both companies, resulting from the Government funding changes to the Dementia Supplement with August realising an increase in price for REG after the announcement of the Supreme Court decision to uphold REG’s objection to a notice of assessment of stamp duty by the State Revenue Office (SRO) reducing their unpaid debt to SRO by A$19 million, whereas in contrast JHC realised a drop in price as a result of significant changes in substantial share
P3: Explain ways in which health and social care workers support the independence and wellbeing of older people. M2: Assess ways in which health and social care workers support the independence and wellbeing of older people. D1: Evaluate ways in which the sectors work together to support the independence and wellbeing of older people. Doris has stayed connected with her friend Frieda who lives on her own independently but recently she has had a fall and she has been referred to the local authorities. P1& M2 When promoting independence and wellbeing in older people it has to be done in a way where the person feels that they are able to do what they are being asked to do and if they say that they don’t
As a person ages, theirs body cannot perform the way it used to. This will cause many elderly people to loose their job or choose to go into retirement. Both of these options cause a loss in health care as well and a reduced or exterminated income. Here alone lies a reason that the elderly population is challenged. The elderly population also has a tendency to develop a chronic illness that can be life threatening if not treated or controlled properly. This means that need for health care treatments also increases. At least 40% of those over age 65 will have nutrition-related health problems requiring treatment or management (Gigante, 2012). It is important to realize that 10% of people over the age of 65 and will develop Alzheimer’s disease and 50% of those over the age of 85 will develop this disease (Gigante, 2012). More elderly African American men and women use government aid than white men and women. Therefore, this population will be vulnerable because of the lack of funding, proper health care and insurance.
The two levels of care offered by the nursing home are intermediate and skilled. Admission requirements for the facility are based on an on-site-evaluation basis, as well as a look at the prospective resident¡¯s medical history and a physical. Exact cost figures were unavailable but the average cost per/day to live in this home is estimated to be approximately $164.00. Dr. Sandra Timmerman of MetLife Mature Market Institute reports that the average stay in a nursing home is 2.5 years. That¡¯s an estimated cost of $149.650.00 for two and a half years. This high cost helps
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
More people are living much longer lives than in years past. People are very surprised to be living much longer lives than they thought they would. Health care has played a large part in patient longevity. There are many normal changes that come along with aging, however, because people are living longer these normal changes can become chronic problems. Common aging problems that can make the older adult a vulnerable population are reviewed in Gerontological Nursing (Tabloski, 2014) and can include nutritional needs, medication management, sleep changes, oral or mouth care, renal problems and musculoskeletal concerns. According to A Profile of Older Americans: 2013 (http://www.hhs.gov), there are a large amount
The challenge America now faces is the number of people reaching retirement will double in number by 2030, and the U.S. population will increase almost 20 percent ("Our Aging Nation," 2015). The goal is for the elderly to maintain and live with independence and dignity, as well as, provide a wide range of professional health and social service expertise, home care, and residential support and services that will be needed ("Our Aging Nation," 2015). Since the number of caregivers needed for this population will not be able to meet the demands other resolutions are considered necessary.
Our elderly population is living longer than ever before and not all of them are entering into a nursing home. They are choosing to stay in their own home or their caregiver is choosing it for them. Some caregivers are choosing to move their ageing love one in the home with them. Whatever the case may be, there is an increased need for some type of home health as it applies to the elderly population. “Medicare will pay the full cost of professional help only if the physician
Current numbers show substantial growth from the eighties, and estimates suggest that the demand for long term care among the elderly will more than double in the next thirty years. (Feder, Komisar, and Niefeld) This growth will exacerbate concerns about balancing institutional and noninstitutional care, assuring quality of care, and most importantly adopting and sustaining financing mechanisms that equitably and adequately protect the elderly who need long-term care.
This paper will review the many aspects of long-term care problems and many challenges there are within Long-Term care. We will look at rising costs within long-Term Care, patient abuse, will look at the quality of life, shortages of nurses and demand that the elderly are putting on the medical field. The type of care that Long-Term Care had been giving to its patients and the changes within Long-Term Care.
An approximate 10,000 or more elderly are expected to retire on a daily basis for the next decade and beyond. These trends would mean a lot not only for the labor force and economic growth but also the major impact for healthcare; considering the dynamics of the demographics and the expenditure on health care services. It is estimated that about 12.6 percent of the U.S. population, account for 1/3 of the nation 's annual healthcare expenditures, while the Per capita expenditures on Americans 65 and older are four times as much as on those under the age of 65(Binstock,1993 ). This means that long term care is more than doubled as more people retire with at least one chronic disease. Managing long-term care (LTC) delivery systems and other entitlement programs is a pressing concern for policy makers as pharmaceutical cost in 2015 alone rose to 10.4% (Healthcare report, 2011). LTC reimbursement, providing service delivery and expanding the healthcare workforce is a tasking duty for the health administration as careful implementation for policy is needed to afford overspending and putting excess strain on the healthcare budget.
The American population is getting older which presents us with many challenges but also present us with potential opportunities. With the length of life and quantity and fraction of older persons rise in most industrialized and many evolving nations, a crucial question is whether this population will be accompanied by continued or better-quality health, an improving quality of life, and adequate social and cost-effective resources. This answer lies in the ability of peoples and societies, as well as modern social, governmental, financial, and health service delivery systems, to provide optimum assistance to older persons.