Shifting Healthcare Demographics
Our nation is aging at a rapid rate. In forty years one in every five Americans will be more than 65 years of age, and the 85-plus group will expand to 15 million. Providers must consider how to best deliver services to the elderly, a demographic group that will double over the next several decades. Nationally, healthcare demographics are driving the debate on how best to manage Social Security, Medicare and Medicaid. When Social Security was first enacted, 16 workers contributed to the Social Security Retirement Fund for every retiree. Today, the ratio is only two workers for each retiree.
Many analysts note the threat of the "Silver Tsunami" on our nation’s economic resources as the first baby boomers turn 65 in 2011. However shifting healthcare demographics presents a very real phenomenon that will no doubt precipitate a debate on how we should allocate our nation’s resources and, how it will place pressure on the healthcare industry’s capacity to deliver needed services in the future.
For shifting healthcare demographics as first baby boomers turn 65 in 2011.