Demographic Trends And Its Effects On Health Care

The United States is the third most populated country in the world. This country holds about 4.5% of the world’s population. The U.S. population is currently estimated to have 308.7 million persons. This number is more than double of the population from 1950. Besides the fact of the population has doubled its size, the population has also become qualitatively different from the one from 1950. As noted by the Population Reference Bureau, “The U.S. is getting bigger, older, and more diverse.” The growth of the population is the result of the trends over time in the relationship of increased births, decreased deaths, and increased net immigration.

Colby, S. & Ortman, J. (2015). Projections of the Size and Composition of the U.S. Population: 2014 to

Jacobsen, Kent, Lee, & Mather (2011) stated, “Since women live longer than men in the United States, women will continue to make up a majority of the older population in the foreseeable future” (pg. 3). Whereas, this age distribution among men and women are expected to remain approximately the same between 2009 and 2030, there will be notable changes in the age and gender gap by 2050 as the gap grows smaller (Jacobsen, Kent, Lee, & Mather, 2011). Furthermore, according to Vincent & Velkoff (2010), by the year 2042 the United States will become more racially and ethnically diverse with the combined minority population expected to become the majority. Thus, as people in the United States age over the next several decades, the older population will also become a more racially and ethnically diverse group. In addition, the overall age structure of the population is expected to change a great deal over the next four decades (Vincent & Velkoff, 2010). This will pose even more challenges to policy makers and programs designed to help the elderly like Medicare and Social Security. Therefore, being able to project the size and structure of the older population, in regards to age, sex, race, and Hispanic origin is not only important to public interest, but also private both socially and economically (Vincent & Velkoff, 2010).

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

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:

Like longevity trends, racial trends among the elderly are an important aspect when looking at demographics of the aging population. The growing aging population is also changing in composition. The aging populace is moving to be a more racially and ethnically diverse population than previous aging populations (Ortman & Velkoff, 2014). In 2010, non-Hispanic whites made up 80% of adults aged 65 years or older, by 2030 that percent will decrease to 71.2% of the population 65 and older. It is predicted that by 2050 non-Hispanic whites will make up fewer than 60% of the

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

The age of population is one of the challenges the United States faces. The shift of demographics may have an effect on the needs and services of this particular population. In this paper it will be discussed how the demographics may have an impact on the health care market, how changes will affect health care such as increase in health care cost and increase in prescription drug cost.

As healthcare reform initiatives progress organizations have focused on balancing the triple aim of access, cost, and quality to improve outcomes for patients while decreasing the overall cost of care. This focus has resulted in increased technology innovation as well as the development of new care delivery models. Population health management programs (PHM) supported by patient engagement innovations such as wearable's, remote monitoring and telehealth are facilitating the shift from episodic care to the comprehensive management of patient healthcare. The population health market is expected to grow from about 12 billion in 2013 to 40 billion by 2018 representing a compound average growth rate of 26%1. Along with population health management

Demographics are an important factor in determining the demand and supply of healthcare works and services that will be needed for a particular region. Certain trends in demographics have to be carefully monitored in order to forecast those changes that may be needed in certain areas based on changes. One change in demographics that can change of the types of services being offered is the age of the population surrounding any healthcare facility or a particular region.

Yet of perhaps greatest importance to the American healthcare system and industry is the demographical information of this older population in terms of its particular characteristics and disposition. More specifically, healthcare professionals and policy analysts must understand the aging populations’ economic and living situations, and their overall health status (Jacobsen, Kent, Lee & Mather, 2011). Economic factors are key as they directly pertain to the likelihood of reliance on publically-funded healthcare programs, while “the marital status and living arrangements of the elderly are closely tied to levels of social support, economic well-being, and the availability of caregivers” (Jacobsen et al., 2011, p. 4). The importance of this population’s general health status is, of course, self-explanatory.

Changes in access to health care across different populations are the chief reason for current disparities in health care provision. These changes occur for several reasons, and some of the main factors that contribute to the problem in the United States are: Lack of health insurance – Several racial, ethnic, socioeconomic and other minority groups lack adequate health insurance coverage in comparison with people who can afford healthcare insurance. The majority of these individuals are likely to put off health care or go without the necessary healthcare and medication that is needed. Lack of financial resources – Lack of accessibility to funding is a barrier to health care for a lot of people living in the United States

“Demographics of the US population have changed dramatically in the last three decades. These changes directly impact the healthcare industry in regard to the patients we serve and our workforce” (Borkowski, 2012). In fact, Voutsas (2011) argues that the U.S workforce is the most demographically heterogeneous workforce in the world and he believes that this is due to major changes and diversity .Borkowski (2012) also states that the significant changes in the US populations has been seen greatly in regards to gender, age ,and race and ethnicity .

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

A drop in net immigration to the United States is a key factor that has contributed to the aging of the US population. According to the U.S. census Bureau, “there have been a drop in immigration levels in the United States”, which, mean that a smaller share of U.S. population growth can directly attribute to immigration similar to natural increase these can also be related to jobs losses that are normally filled by immigrants such as construction jobs, and manufacturing jobs. Declining fertility rates are also a key factor in the United States. “In the past the 18 and under have exceeded the 65 and older, but now have declined by 190,000 per the Census Bureau in 2010 and 2011 while the elderly have increased by 917,000. Working-age adults, and those in childbearing ages, is also down”. There is also a decline in fertility rates as well, they estimated 4 billion birth between 2010 and 2011 which is down from the 4.2 that was between 2005 and 2006.