Medicare Replacement Model: A Case Study

The aging population will likely impact the future demand for health services. Approximately 44 million people who live in

Socio-economic class or socio-economic status (SES) may refer to mixture of various factors such as poverty, occupation and environment. It is a way of measuring the standard and quality of life of individuals and families in society using social and economic factors that affect health and wellbeing ( Giddens and Sutton, 2013). Cockerham (2007 p75) argues: ‘Social class or socioeconomic status (SES) is the strongest predictor of health, disease causation and longevity in medical sociology.’ Research in the 1990s, (Drever and Whitehead, 1997) found out that people in higher SES are generally healthier, and live longer than those in lower SES.

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

This document will discuss how demographics disease trends affect the delivery of health care. Starting with current age composition of the United States population and how future changes will occur in the next 10 to 20 years. Next will be identifiable factors that support environmental and changing demographic trends. Providing examples of relevant diseases and how the aging trend will increase or decrease health issues and how to reduce health complications because of age. The current rate of obesity will be discussed and how it will change in the next 10 to 20

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:

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.

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.

Every individual in the world deserves to enjoy health and wellness. Maintaining or achieving proper health needs enables individuals to be productive at work and leisure. Traditionally, many people have had barriers obtaining adequate healthcare due to economic constraints or personal inconveniences. Despite impressive technological advances in medicine, the challenge of delivering quality healthcare to the Americans continues to be debated amongst the nation’s political and healthcare leaders. The aging baby-boomers and the increased number of uninsured people add to the equation of population growth which results in limited access to primary healthcare for the entire public. On the

The baby boomer generation will have tremendous impacts on health care as they continue to age and experience health issues. The impacts will show a significant financial difference in the very near future than what the impacts look like today for all health care organizations across the country. The baby boomer generation began between 1946 and 1964. Throughout the 18 year time span, over 76.4 million people were born. By 1964, this made up over 40 percent of the total US population. Today, this generation is between 53 and 73 years old and by 2020 there will be one and five people over the age of 65. As this time approaches and this generation becomes Medicare and

The baby boomer generation will need more Medicaid services which would place a large financial burden on the program. Compared with previous generations, the baby boomers generation has a higher rate of "diabetes, hypertension, high cholesterol, and obesity" (Barr, 2014). People with multiple chronic conditions are hospitalized more than those with fall or cold. They are more vulnerable and therefore, are more expensive. As a result, a two-fold problem is created. First, there will be a shortage in health care professionals, because baby boomer makeup such a large part of the healthcare field. The second part of the problem is

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.

Elderly people struggle with the everyday cost of living. They have to think not only about the essentials of the their living expense’s but have to think about the cost of their health care. When a person applies for health care insurance they will find out what they will pay monthly, semiannually, and annually. There are five factors when considering what the monthly premium will be. The five factors are age, geographical, location, tobacco user, individual vs. family enrollment, and plan category. The one issue that arises to many people that gives them fear when they are applying for health care insurance is the age issue. According to the health insurance market place. (Healthcare.gov 2015) “Older people

According to the UN World Health Organization definition of aging over 65 years as "elderly", when the population of a region or country, the ratio of the elderly more than 7%, referred to as "aging society."