Aging Baby Boomers & Future Healthcare

A. Understanding baby boomers with a comparison to other generations.

1) The baby boom generation is described as 76- million strong.

2) Demographics variables are more diversified for the baby boom generation and these changes are reshaping American society.

3) Characteristics of baby boomers related to health care include their tendency to participate in their own care.

B. Aging trends for the baby boom generation are pointing to an increased population of elderly and retirees.

1) Compared to other generations, as the baby boomers age, the proportion of elderly will increase.

2) Effects of the increase of senior citizens on healthcare delivery system will result in shrinking budgets and searches for alternatives.

A. Healthcare funding for the baby boomer will be changed by the transformed demographic trends that American society is facing.

1) Changes in Medicare funding will be needed to maintain its ability to supply the retired baby boomer generation.

2) Changes in private healthcare insurance may take place when thebaby boomers retire.

B. Ratios will change regarding those contributing to Medicare now (baby boomers), and those who will be the contributors in the future (generation x).

1) Baby boom's current monetary contribution to the healthcare system will be decreased as expenses for their care is increased.

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generation, the generational equity crisis, and the increased life expectancy of baby boomers, demands changes from the healthcare system. 4) Expectations regarding quality of care now include increased demand for adequate long-term care. 5) Future impact of expectations on healthcare system regarding funding, quality, and access will include the arguments between private and public long-term insurance. "The Coming Financia Collapse of the U.S. Health Care System" by Styring (1999). The purpose of this article was to investigate how the large numbers of aging baby boomers will force changes in funding of the health care system. The author is an economist and Senior Fellow of the Hudson Institute, and this article is a presentation of his opinion rather than a review of supportive literature on the subject. Therefore reports are not substantiated with additional citings. The author points out that there are a large number of baby boomers, and they are now aging. The demographics involved include a drop in the ratio of workers to retirees. Although it remains unclear to what degree this group will continue to retire at the typical age of 65, it is possible their removal from the work force will cause a collapse in
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Approximate Word count = 1292
Approximate Pages = 5 (250 words per page)

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