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Advantages and disadvantages of an ageing population
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Advantages and disadvantages of an ageing population
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It is my analysis of the financial burden and decisions we had to make for my grandmother is that as the demand increases for long-term care as the baby boomer population ages, Medicare and Medicaid will be forced to reevaluate how they pay for long-term care. Many states are not equipped to handle the comprehensive needs of this aging population (Ford, Henderson, & Handley, 2010). Also, families are forced to take on enormous financial burdens due to the lack of coverage by Medicare (Can Medicare, 2015). The are no true pros to this situation.
Major Healthcare reforms have been established in the past half a century despite the above-list challenging factors. The reform focused on coverage on millions of American citizens through Children Health Insurance Programs, Medicare and Medicaid. Between 1934 and 1939, there was the National Health Insurance New Deal. This period was characterized with growing income inequality with unemployment standing at 25% of the total population (Starr, 2013). There prevailed increased levels of unpaid medical bills with the poor being assisted by welfare agencies to sort out their medical bills.
A multi-generational household is a household that includes at least three adult generations. This is becoming more common as the number has increased within prospective racial and minority groups. Ethnic groups of African Americans, Latinos, and Asian Americans are reported to have higher rates of multigenerational living opposed to the whites. Current trends are changing as the idea of homes looking similar to that of a nursing home becomes unpleasant. Multigenerational living also has its ups and downs as situations may occur that are stressful.
The sixty-five and over population has grown to be the fastest growing group. Because there will be advances in nutrition and medicine, centenarians will be at one million by the center of the twenty-first century. Non-whites are to be expected to be one-third of the population by 2050. As of now, minorities are misrepresented because most of them do not have health insurance or care.
Between 2010 and 2050, the United States population ages 65 and older will nearly double, the population ages 80 and older will nearly triple, and the number of nonagenarians and centenarians—people in their 90s and 100s—will quadruple. (KFF, 2015) Trustees of Medicaid are forecasting that in 2024, Medicaid will start running out of funding. Although there is little evidence in the trustee’s projections it is still something that needs to be looked as more and more people are getting older and are needing benefits vs a number of people putting in. Every day there are 10,000 people turning 65 or older.
Health care has been at the forefront of debate and public policy in the United States for decades. Ever since President Theodore Roosevelt proposed health care reform during his 1912 run for president, reform has been a policy position often espoused in American politics (Palmer 1). Certain types of health care reforms have been successfully implemented, such as Social Security in the 1930s, Medicare in the 1960s, and finally the Affordable Care Act in 2010. As the goal of the Affordable Care Act is to provide care for every American, the healthcare law is the closest the United States has ever approached to a single payer system; a health care system that provides universal care to every American. Despite that, current systems within the
Interesting point about the increased reimbursement rates. One way of looking at the increased reimbursement is the increased preventive care visit to providers and hospitals. Although older individuals who received Medicare, are at that stage in life where as we age the body began to break down requiring frequent visits to healthcare providers and more trips to the hospital. During the 1980sm however,m medical advances and cost-containment measures caused many procedures that once required inpatient hospitalization to be performed on an outpatient basis (Shultz & Young, 2010). Hence, this was the beginning for Medicare and other insurance decreasing hospital stays.
Growing old in America i feel that its a bitter sweet moment in life because transitioning from a younger person navigating through life living to build the American Dream to actually living the American Dream in your later years, to come to the conclusion to think about death on as life progresses, i know that death is inevitable so yes preparing for death can be a bit strange to do but according to the text research has indicated that older people think about death more than younger people and elders seem to be less fearful and have less anxiety about it ( Leming &Dickinson,2011) . Given that we we are young we care less about it because we think life is forever and we all do not know will it will happen.
Over the years the government has had to increase the retirement age to adjust for people having a longer life span; however, even though it makes sense that retirement age should be raised, it is not easy having to work almost until the age of seventy, life does not get any easier as one grows older. Meanwhile, parents are not having as many children, limiting the amount of new workers. Also, partially due to the baby-boom generation beginning to retire, the amount of beneficiaries of Social Security has grown at a faster rate that the number
According to data, twenty percent of Americans who are older than twenty five years old were single in 2012 compare to the only nine percent in 1960s which was called baby boomer time. The data shows that there is not going to be baby boomer generation anymore in the future. The birthrate is now decreasing every year, and it is now one of the biggest problem that can bring a lot of negative effect to the world in the future. The reason that the birthrate has been decreasing for past years is because the people do not get married as much as before. The generation has been changed, and now making their own families is not necessary for but optional for the younger generation.
The other elements of legislation including age retirement, SSDI, SSI, Medicaid and Medicare help each individual for a continuous source of income and to improve their health. However, there are individual who will take advantage of these benefits and is causing damage on each program resource. Congress needs to address how to preserve the benefits for those who truly need them versus the ones who are capable of working to provide for their family. It is predicated by 2033, there will be 2.1 workers for each beneficiary. In order for Social Security to continue functioning the working population has to increase compared to the retired
Today’s generation will have to find other means to help support themselves in retirement if Social Security funding runs dry. The uncertainty of where the money will come from to sustain the fund, further adds to the problem. According to the Social Security Administration, approximately 59 million people collected Social Security Benefits in 2015, but as the population swells that number is expected to grow to approximately 100 million by the mid 2030’s. Government officials need to step in and act quickly to solve the issue of funding, but opposing viewpoints keep it at a standstill.
The explosion of the Second World War gave way to the most defined era of the 20th century. In the wake of a war torn decade, the growing prospect of opportunity spurred the inception of the “Baby Boom”. Millions of individuals were introduced into our world at a rate never seen before in our nation’s history, and as does every generation, these millions of Baby Boomers are aging at an unprecedented rate also. The average lifespan of individuals has steadily increased since the postwar decades with the much advancement in healthcare. The majority of today 's population is expected to live into their eighties.
If you ever asks somebody as to what frighten them most. You 'll get different sets of answers. You 'll get a wild animal, a deadly disease, a horror movie, simply death as the answers but from women you 'll get just one answer— aging. Aging can be a pitiful experience for many of us. Especially if we are too concerned about our overall body
Introduction I. We as a human being, we age and it is said that there will be more elderly people in the future. A. According to the graph of 2012 Population Estimates and National Projections from the Current Population Report by Jennifer M. Ortman, the population aged 65 and above is projected to be 83.7 million in 2050, almost double its estimated population of
