This is added to costs for advanced health care. Many feel that this will increase taxes, even causing some to not work because of how much they will have to pay to social security, putting an even further gap between the working and the elderly. We are often left with the question, what about us when we become elderly? When we reach elderly age, the elderly population will almost be doubled, and the working taxpayer percentages will be lower due to infertility, who
Going by the contemporary crisis in the Medicare program of America, Bozic (2011) dictates that the solution to the crisis will demand increase in the tax margin on the employees. In addition, doctors and physicians are more likely to face salary cuts to allow proper budgeting of the program. Furthermore, the increase in demand for Medicare will have an automatic upward shift in the cost of insurance. There is a link between the positive effects of Medicare and the Economic effects of the system. The existing economic effects presented by the rise in demand for Medicare occurred because of the rise in the number of aged individuals.
Aging populations also bring on new patterns of work and retirement. People will spend more time in retirement which will strain our existing health and pension programs. On top of it, currently 80% of older Americans are living with one chronic condition, and 50% with at least two. Among Americans, close to 95% of healthcare expenditure is for treating chronic illnesses, which answers why the cost of providing care for people of age 65 or older is three to five times more expensive than that of someone younger than
Case Study- Module 2 Lois Hammond June 8, 2013 One of the most important things that have affected employers’ costs for benefits is our declining economy. Employers are now facing the challenge of providing competitive benefits while also trying to contain costs (Wish 2012). Some organizations are making employers to seek less expensive forms of healthcare (Wish 2012). Employers are requesting that associates get 2nd opinions, shorter hospital stays, and more utilization of outpatient surgeries to cut benefit costs (Wish 2012). Employers are now requiring employees to spend more out of pocket for benefits due to the rising cost of medical costs.
This will also increase the amount of people that are retired from 12 percent of the United States population to almost 20 percent. With the rise of the aging population there is a need for more professional health and social service expertise. According to the Institute of Medicine’s landmark report, the is a shortage of health care professionals to care for the aging population in the current time and this number will grow faster as the Baby Boomers retire. One of the fastest growing employment sectors would be the eldercare. .
Using Material from Item 2B and elsewhere, asses the view that an ageing population creates problems for society. Many western societies such as the United Kingdom are experiencing the social, political and economic issues that are associated with an ageing population. Rising life expectancy poses a number of problems. People are living longer due to medical advancements (including the NHS) and improved sanitation. This has resulted in more services being needed to support the continually ageing population.
Economics plays a huge role in the success of health care. Companies compete with economic increases and declines on an annual basis. Increases in health care costs force small businesses to implement options to manage health care plans for employees. Companies must be able to retain current employees, recruit new employees and provide insurance to full time equivalent employees. In an article, author Don B. Bradley illustrates that 88 percent of employers only give employees one plan type option for health insurance (Bradley III, 2008).
Bonus payments will be given to those doctors and hospitals that provide good quality care. | CON: With an increased population of individuals receiving healthcare from the government, there will be longer wait times, and potential decline in the quality of care given by doctors. | PRO: The PPACA tax promotes the general welfare because it makes health care more widely available and affordable. | CON: Congress is requiring that every person purchase health insurance or face penalties. | PRO: The health reform includes the largest health care tax cut in history for middle class families, helping to make insurance much more affordable for millions of families.
The Cost of Health Care in the United States Health Care System Tiffany HCA 305 Professor: Teresa Thomas October 7, 2013 Healthcare costs in the United States has been a major issue in the United States for decades. With the population of the baby boomers increasing, and the population of the United States increasing, health care costs are rising and continue to do so. With Congress passing health care reforms, there has been little evidence in the reducing cost of health care. New and advanced technology within the health care field would be a great implementation in reducing health care costs. Also, if people took more responsibility of their health while insurance reforms develop, that would be another attempt in reducing health
“The older population represents 12.9% of the United States population and by the year 2030 will average 72.1 million. There were 64, 024 person who aged 100 years or more in 2009” (CDC.gov, 2011, p. 1). The two major concerns in healthcare are the aging population, and the rise in precription medication due to the rise in the aging population. To plan for the future it will be vital to quantify the illness of the elderly to plan for necessary health services that will become necessary in the coming years. Chronic diseases wellness progams are necessary for the elderly and will become needed more as the aging population grows.