...Demographic Paper Your name Course # Date Instructor Name The aging population and the Baby Boomers are becoming a dominant demographic in the United States. The Baby Boomer generation is the biggest generation in American history. There are approximately 75 million people in America. The average life span and the age of retirement has increased, the need for medications for a longer period , and chronic illnesses are examples of how the aging population and the Baby Boomer generation will contribute to changes in the health care field. “Future and current demographics play an important role in determining the supply and demand of health care workers” (HRS, p. 3). Projected demographics that will affect health care include the increased life span of the aging population, and geographic location of the population. The rise in the population percentage of the elderly over the next decade will cause a n increase in the demand for more health care workers, and medications. Concerns that the demands for health care professionals will not be met because of the financial stress placed on Medicaid, Medicare, private insurance companies, and the patients out of pocket expenses. Many physicians are in the same demographic as the aging population. These physicians may retire around the same time. The healthcare for the elderly population will increase will less physicians to care for them. Positive changes to the health...
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...Demographic Paper: Baby Boomers Impact Your name HCS/490 Teacher name When it comes to the Baby Boomers Impact towards the Health Care Systems, there is only one that may wonder how they will as Baby Boomers population and their demographics impact health care systems in future generations. The subject of this reading will address this question and focus on the Baby Boomers population demographics, and explain the changes these demographics will have on health care systems in regard to patient’s needs and services. Along with explain the way demographic data informs companies the way services or products can successfully be marketed to Baby Boomers and how communities and the society needs to work together to correct demographic challenges Baby Boomers will encounter as they age. Population Demographics Most individuals tend to relate to the phrase Baby Boomers to oneself, father, mother, aunt, and uncle or even a grandfather or grandmother. According to the Unites States Census Bureau (2009), describes Baby Boomers as individuals born between 1946 and 1968 and as of 2009 there were 77,329,698 Baby Boomers living in the United States. The American elderly population based on the United States Census Bureau is rapidly growing therefore so will the impact on changing demographics. Impact of Changing Demographics on the Health Care Market According to the Bureau of Labor Statistics (2007), the impact that Baby Boomer changing demographics will have...
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...future behavior. Supply and demand is two key concepts for health care. Problem Baby Boomers make up about 78 million Americans. According to Sanderson (2010) “they account for 90% of nursing homes, 38% of emergency medical responses, 34% of prescription, 35% of hospital stays, and 26% of physician office visits” (p. 2). The Baby Boomers will need health care so the demand for employees will continue to increase over the next decade and beyond (Gigane, 2012). “The Baby Boomer generation is aging and will need more health care support (demand) over the next few years. “Nurses and primary care physicians (PCP) will be needed (supply) to meet this demand. Reduction in Medicare payments leaving PCP’s scrambling to keep their practices complicate the supply chain for this increasing demand” (UOPX, 2012, para.). According to the American Hospital Association “a Boomer population that is more ethnically and racially diverse will require delivery systems and caregivers that are sensitive to cultural differences and how those differences impact care” (p. 7). The nursing shortage problem is the increasing demand, and nurses going into specialty fields, and aging of the Baby Boomer nurses. Physician shortages are because of new doctors not going into fields that have high need, such as geriatric care, orthopedic care, and endocrinologist as well as cardiothoracic surgeons. Requirement The Baby Boomer Generation brings a requirement of more health care. The...
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... Medicare is facing a problem of retiring baby boomers, rising life expectancy, and decreased fertility rates that will increases the proportion of the population over age of 65 who be eligible for Medicare benefits. The problem with Medicare is that they never made adjustments for people who live longer. Also, there are inadequate funds to meet the needs of the future enrollees. Organization Information Medicare is a national social insurance program. It is administered by the United States federal government and was signed into law on July 30, 1965 by President Lyndon Johnson (CMS, 2012). Currently Medicare covers 60 million Americans. The health insurance is available to individuals 65 years and older. It is an insurance program for which these enrollees have money deducted from their pay while they are still working. The health care insurance covers hospitals, physician’s services, nursing home care or home and community-based services Also, the participant pays part of the services called “deductibles”. Medicare provides health insurance benefits to 38.7 million people age 65 years and older. (Center for Medicare & Medicaid services, 2011). Gist of The Problem The problem with Medicare is that the regulations have not changed even though there are more people enrolled in the program. Medicare will be unable to provide the same services unless the premiums are increased. Description: The Problem The baby boomer generation, who were born between 1946 and...
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...A baby boomer is a person who was born during the demographic Post-World War II baby boom between the years 1946 and 1964, according to the U.S. Census Bureau. The term baby boomer is also used in a cultural context. Different groups, organization and individuals may have widely varying opinions on what constitutes a baby boomer. Baby boomers are associated with a rejection or redefinition of traditional values. In Europe and North America boomers are widely associated with privilege, as many grew up in a time of widespread government subsidies in post-war housing and education, and increasing affluence. One feature of boomers was that they tended to think of themselves as a special generation, very different from those that had come before. The phrase baby boom has been used since the late twentieth century to refer to a noticeable temporary increase in the birth rate. According to the Oxford English Dictionary, the first recorded use of “baby boomer” is from 1970 in an article in the Washington Post. Howe, well known for their generational theory , define the social generation of Boomers as the cohorts born from 1943 to 1960, who were too young to have any personal memory of World War II, but old enough to remember the postwar American High. The generation can be segmented into two broadly defined cohorts: The leading-edge baby boomers are individuals born between 1946 and 1955. This group represents slightly more than half of the generation, or roughly 38,002,000 people of...
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...Caring for the Baby Boomer Population Thomas Watrucki Thomas Edison State College Mentor Tish Dorman December 7th, 2014 The “baby boomer” generation (those born from 1946-1964) are now our retirement-age elderly that we healthcare providers are challenged with caring for. The Population Reference Bureau estimates that there are 76.4 million baby boomers (as of April 2014). About 3 million baby boomers will hit retirement age every year for the next 20 years (Barr, 2014). Healthypeople.gov estimates that 60 percent of this population will be managing more than one chronic condition by 2030. The American Hospital Association notes that the over 65 population will nearly triple as a result of the aging Boomers. What this means for us healthcare providers is that our healthcare system will be challenged with caring for a significantly increased amount of elderly with chronic ailments that we are seeing now. This will increase healthcare costs as chronic disease management increases and transitions are made from private insurance carriers to Medicare. I interviewed a baccalaureate nurse who works on the geriatric medical surgical unit in my hospital and asked her to identify the special needs of the Baby Boomer Generation. She has been a nurse for 25 years and has worked on that unit for the past 12 years. Looking back on her experience and the current trends of problems she encounters with this generation, specifically with the lower income minority population that we work...
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...economic and social challenges. Almost 80 million babies were born in the United States from January 1946 through December 1964. This segment of the population is known as the Baby Boomers. In 2011 the first wave of Baby Boomers began reaching age 65, the age of entitlement. Every day from today for the next 16 years approximately 10,000 Baby Boomers will turn age 65 and become entitled to Medicare (www.politifact.com, 2011). With an increasingly older population come the need for a greater number of prescription drugs, a greater number of medical office visits in order to extend the aged quality of life, and a greater need for long term care. 80 million Americans within the next 16 years will receive some form of government funding for health care adding to the already fraught health care economy. Ageing population puts strain on medical costs: Bernanke warns of ‘fiscal crisis’ With more than 10,000 Baby Boomers reaching the age of retirement and Medicare eligibility every day for the next decade and a half the nation’s and states’ government are facing a disastrous fiscal crisis. The Congressional Budget Office made a projection in 2007 that the federal debt held by the public to gross domestic product ratio will have ballooned to 100% in 2030 however the nation has surpassed this figure as of 2012. The government’s dilemma is how to decrease health care spending while extending the quality of life for these 80 million aging baby boomers....
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...HCS490 July 19, 2012 Kevin Branyan University of Phoenix Aging Population and Demographics “One out of every nine Americans is ‘old’ ” ("Transgenerational Design Matters", n.d.). How do Americans define the term ‘old’? Most data tells us that Americans are living to be older, 78.2 is the magical number for life expectancy of Americans. Some of the data reports age 50 as the determining number. “America’s 50 and older population is predicted to be 100 million by the year 2012, one in five people will be in the 65 or older age group by 2035” ("Transgenerational Design Matters", n.d.). Growing numbers among the aging population means growing dollars in health care. The aging population will have more needs and require more services as they progress into the retirement age. This paper will discuss changes in the demographics of the aging population, the affects they have on health care, and the health care market. The paper will also identify two-key health care-related challenges to the aging population, the marketing needs and services of the aging population, and how a chronic disease wellness program may affect the costs for this population. It will also mention ideas on how the patient, community, and society as a whole can address these challenges. The aging population of the United States includes the 79 million Baby Boomers reaching retirement age (Haag, 2003). Most of them keeping up with technology and doing everything they can to remain active...
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...differences between two generations, to be specific I will be comparing Generation Y, and the Baby Boomers. Belonging to generation Y I know first hand all the criticism and complaints people have about us, especially the baby boomers, who think that everything we have ever owned has either been given to us or we probably stole it, so I’m here to defend my generation and also shed some light on the truth between these two different generations. Generation Y is the generation of people born during the 1980s and early 1990s. The name is based on Generation X, the generation that preceded them. Members of Generation Y are often referred to as echo boomers because they are the children of parents born during the baby boom. Because children born during this time period have had constant access to technology in their youth, they have required many employers to update their hiring strategy in order to incorporate updated forms of technology. Also called millennials, echo boomers, internet generation, iGen, net generation. The Baby Boomers are a person who was born between 1946 and 1964. The baby boomer generation makes up a substantial portion of the North American population. Representing nearly 20% of the American public, baby boomers have a significant impact on the economy. As a result, baby boomers are often the focus of marketing campaigns and business plans ( businessdictionary.com). The Baby Boomer generation understood that they are not owed anything. No one is going to be there to...
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...Why Medical Care for an Aging Population Needs Reforming Medical care for the aging population has been an issue of concern for the American population for many years, and cost of medical care continues to grow exponentially (Getzen & Moore, 2007). The costs associated with health care, limited health care resources, longevity of the population, and quality of care, are factors considered when medical care for the aging population is analyzed. The following discussion provides an overview of the issues surrounding medical care for the aging population, reasons substantiating the cause for national concern, and two major reasons medical care for the aging population needs reforming. Issues Surrounding Medical Care for the Aging Population and Reasons Substantiating the Cause for National Concern Current estimates predict by 2015, the Baby Boomer population will increase more than 76 million. One of the reasons this population of Americans is expected to live longer, is because of the continuing advances in medical technologies.The aging population will require different levels of health care at different intervals, to avoid their health continually going downhill, resulting in admission into a long-term care facility. The years 1998-1999 marked a fractured health care financal system. In addition, during this time, Medicare executed payment systems for skilled nursing services and home health care. Therefore, the current challenge in America is to figure out how to deliver the...
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...Baby Boomers HCS/490 March 26, 2012 Baby Boomers After World War two there was a boom in the birth rate in the United States, this part of the population became known as the baby boomers. This sizable population is coming to the age when there are more needs for the services of the health care system. This increased need for care is becoming a major hurdle in the fight to control costs to the U.S. health care system. Many concerns arise from this growing demographic, how is this influx of people going to affect the cost of health care as well as the ability of the system to handle this increasing demographic? Other challenges that arise are how to reach this demographic and provide the services that they need. Whether these are prescription medicine programs, therapeutic services, to in home care this demographic needs to know what products and services are available so they can make sound decisions that may help the U.S. health system avoid a crisis. Who are the Baby Boomers? Baby boomers are the generation that was born after World War two when there was a significant rise in the U.S. population this generation is now starting to get to the age of retirement and are beginning to represent a large number of people which will need the services of the current health care system. This aging population could have a direct impact on the health care system because of the sheer number of people which are in this age group. According to Anderson, Goodman, Holtzman, Posner...
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...a specific characteristic that distinguishes it from the other. In short, the overall effect one generation has on the other depends on circumstances that existed during that period. We will examine generations referred to as Baby boomers, Generation X and Millennials and how their history helped to shape the world today. It is clear that these three generations are distinct in terms of their experiences, worldviews and beliefs. However, it is also evident that history shaped the development of each group, allowing the generation that followed to benefit from earlier periods in history, creating pockets of similarities across the decades. Experiences in their lifetimes The Baby Boomer Generation is the name given to persons born between “1947 and 1966” and was seen as the last generation that effected any great changes on American society. This generation was distinguishable by a significant increase in birth rates following World War II and is seen as one of the largest generations in the U.S. Baby Boomers are allied with a dismissal of traditional values. Experiences during this time shaped the Boomers and were contributory to the characteristic of rebellious as they were defined. Some of the memorable events for the Baby Boomers are the Cuban missile...
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...1. Profile the U.S. Market in terms of “Consumer Trends” and the effects of “Competitive Rivalry in the retail sectors”. Identify the specific and general driving forces behind these trends. Due to the credit-crunch many commentators point out that the global consumer mindset is tuned to recession-spending.The main point is that US consumers who used to be very materialistic,now tend to spend less money on their purchases.And there are some consumer trends that support this issue. “The Lipstick Effect” is the phenomenon of the rise of small self-treating on make-up and gadgets when people forego extravagant purchases such as cars and holidays in times of recession. This tendency is all about consumers' sustained need to enjoy consumption and express their identity despite their pressured lives. Overall, consumers may scale down on purchases and live with delayed gratification by saving and investing more in retraining and putting more energy into getting better value. But the definition of value will be different for different products. For instance, consumers will seek the lowest price for products that serve basic needs such as food, whereas in self-treating and small luxuries, the value of feeling indulged is given precedence. The Lipstick Effect endures. Consumers still appear willing to splurge on prestige items. This has led to a huge wave of websites on how to be frugal but also keep up appearances. . Commentators, journalists and bloggers are certainly signalling...
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...individuals reaching the age of retirement cannot even afford to retire. This environment has provided DBS with an opportunity – facilitating the relocation of Baby Boomers reaching the age of retirement to Panama where due to the lower cost of living and free medical services most US citizen can still retire in style at a fraction of the US cost. DBS will target Baby Boomers and use both traditional and innovative approaches (TV advertisement, newspapers, seminars, and Internet technologies such as Facebook and Google (PPC)) to create an awareness and demand for the product. During the first year DBS will undertake a considerable amount of market analysis and testing before launching the services in order to accurately identify the unique characteristics of its target consumers. After the first year of operations, DBS will reach its break-even point and soon after generate initial profits of 60,000.00; these are projected to increase exponentially and continue to grow in as it captures the potential market. 2.0 Situation Analysis: Just as the Baby Boomer generation changed American culture in the post World War 2 era, the first wave of Baby Boomers reaching retirement age is changing how and where Americans spend their post-retirement years. It’s a common misperception that when Americans reach retirement age, they move to warmer, more senior-friendly environments: a 2005 study based on the 1990 and 2000 census reveals that for the decade before...
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...The baby boomer generation is considered the largest generation ever in the history of the United States. As a result, this large generation of individuals brought upon the country a new way of social thinking and values. Despite this large general shift in social thinking and values there still was political variance amongst the generation itself, and the Vietnam War could be considered the hottest issue. The personal interviews presented in Discovering the American Past conducted on baby boomers, asking about their experiences revolving the Vietnam War, effectively displays the variety of reasons young individuals at the time believed the war was being fought for; some individuals shared similar reasons and others had differing reasons. In...
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