BABY BOOMERS IMPACT ON MEDICARE

The Baby Boomers Impact on Medicare

Abstract

In this study, we try to explore the Baby Boomers impact on Medicare in a holistic context. The main focus of the research is on “Baby Boomers” and their impact on Medicare. Finally the research describes various factors which are responsible for heath care needs and tries to describe the overall effect of Baby Boomers and their impact on Medicare. Not only are they approaching retirement age leaving a large portion of job openings but they are also entering a stage in their life that requires more health care needs.

Table of Contents

Abstractii

Introduction1

Defining the Problem2

Literature Review3

Program Analysis6

Possible Solutions7

Conclusion8

References10

The Baby Boomers Impact on Medicare

Introduction

One of the topics that the us Medicare crisis is the aging of the baby boomers, baby boomers, the generation of children who were born in the 40s and 50s (of the greatest generation of World War II). The baby boomers were the largest and most financially successful generation, the world has ever known their existence plays an important role in the health care and availability to go ahead and note will be found for any viable mass solutions are taken.

Perhaps the biggest problems feeding our current are health care problems, the demand for it. You can with fifty other problems around the current system, but I would say - on one level - they all come from over-demand. We have simply not the resources to meet the entire current demand for health services. Anyone who has ever taken an economics course knows that the basic tenants of capitalism is that the price of where supply and demand is determined. if you have a limited and static-sufficiency and an ever- growing demand have, prices will increase - it is a fundamental fact. In our current system, this leads to health care is available for those who can afford it, while others either by relying on government subsidies (to draw the customer base is still on the tax dollars) to go or not at all (Weir, 2007).

Other undeniable fact is that people need to care more if they are prone older. Obviously over time begins the body to break, people are more susceptible to diseases such as diabetes or cancer to get. With the baby boomers in the area somewhere in the ages of 50 and 70 in the moment are they hit the age (if not already present), where health care is moving from a luxury or pure maintenance position to the absolute necessity for the continued survival. the volume of generation together with the fact that (almost) all need something for the health sector creates a perfect storm, where more than ever, is the largest volume of people in the history of the world in need of products and services from a single industry (Schwabish, 2010).

None of this is to say that our health care system problems insurmountable are. But we need to recognize the issue at hand. when play pure capitalism may be the logical conclusion that ...