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Medical Cardefor the Elderts

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Submitted By JRCERRITOS
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Pages 9
Health Reform Project, Part One
Learning Team C

HCS 440 Economics: The Financing of Health Care

Medical Care for an Aging Population Countries around the world are encountering a growing number of the elder demographic. The aging population has created situations that the world’s economy and health care that have never encountered. The elders leaving the workforce and entering retirement has created new challenges in an already fragile global economy and health care system, and it is uncertain what the impact will in America. Questions rose about how the aging population will affect the economy. Will these changes bring new opportunities for the aging population because of the healthier life style and longer life expectancies currently seen today? Will physically and mentally healthier seniors be able to manage longer working years? Alternatively, will it result in a shortage of worker in the workforce leaving an overwhelming burden on the younger population? This paper summarizes three articles that attempt to bring to light the various challenges the nation is encountering in its preparation to care for the aging population. Additionally it will provide the readers with some recommendations on strategies both the American industries and government can use to prepare for the loss of a large percentage of the workforce who will start retiring in the next decade.
The burden of geriatric health issues
While countries across the globe are scrambling to make the necessary preparation to accommodate medical care for the aging population, the United States has already begun preparing its health care system for its “baby boom” generation. Hundreds of millions of dollars of the Obama stimulus package has gone to training doctors and nurse on how to deal with medical care for the aging population. Unfortunately, geriatric physician around the country

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