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The Aging of America: Implications for the Business of Health Care is packed with data, trends, projections and other research findings on how Baby Boomers are about to reshape U.S. health care.
With contributions from organizations like:
And government agencies like:
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The Administration on Aging
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CDC
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Congressional Budget Office
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Congressional Research Service
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Institute of Medicine
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Census Bureau
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Bureau of Labor Statistics
Separate chapters focus on how Boomers will impact hospitals and other providers, health plans, long-term and home care services, age-related diseases, and much more.
(Click for full list of contributors and table of contents)
Baby Boomers, who are now turning 60 at the rate of one every seven seconds, are about to redefine what it means to grow old in America. And the health care industry will be transformed in many significant ways as this enormous population bulge works its way through the system.
The number of people in the U.S. who are 65 and older is expected to double in the next 25 years, to nearly 20% of all Americans (more than 70 million). The age group 85 and older is now the fastest growing segment of the population.
And with the explosion in raw numbers, the face of aging is also changing dramatically, in terms of longer life expectancy, more chronic illness, higher disability rates, growing long-term care needs, changing retiree migration patterns and their impact on hospital services, and much more.
Already critical issues – such as the cost of managing chronic disease, and funding Medicaid, Medicare and Part D – will be magnified by the exploding number of Boomers who will live with chronic illness for longer periods of time and be eligible for these and other programs.
The aging of Boomers will trigger dynamic changes in the demand for:
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Physicians and surgeons in many specialties
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Inpatient and outpatient services in different procedural areas
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Visits to physicians offices
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Long-term, home and community-based services
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Many medical procedures and tests
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Innovative (and expensive) new pharmaceuticals
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Occupations and settings that serve the elderly
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New employees throughout the health care workforce to replace retiring Boomers
New challenges confront every sector of health care. Whether you’re employed by a hospital or health system, medical group or other provider, health plan or other payer, pharma or biotech company, long-term care or home health provider; or supplier of health care products or services ... it is now time to design and implement new strategies for the future.
