Nobody downloaded yet

How health care cost and the aging baby boomer population will affect the economy - Research Paper Example

Comments (0) Cite this document
Summary
The economic growth proliferated, and educational system was at its best during those years. Their cluster has savored more opportunities than any other cluster in the history of mankind. However,…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94% of users find it useful
How health care cost and the aging baby boomer population will affect the economy
Read TextPreview

Extract of sample
"How health care cost and the aging baby boomer population will affect the economy"

Download file to see previous pages This paper centers the discussion about the supply and demand of the health care cost associated to the aging baby boomers, and its effects onto the national economy. Finally, a conclusion will be drawn to justify the researcher’s analysis within the general scope of the study.
Approximately after ten years, the general population of the baby boomers will range between 51 to 70 years old (Court, Farrell, & Forsyth, 2007). Baby boomers should be enticed to work after their retirement stage. Because of the growing demand for baby boomers to continue their participation in the workforce, some fractions of the national policy should be amended. Further, 69% of the baby boomers are not yet ready to adopt new lifestyles (Beinhocker, Farrell, & Greenberg, 2009).
Baby boomers will report 40% of the United States’ expenditure by 2015, especially onto the disproportional division of growth and expenditure in industries from healthcare (Macunovich, 2012, p. 3). It was unearthed that the oldest baby boomers are fiscally unready to leave the workforce and are not conscious about their quandary (Beinhocker, Farrell, & Greenberg, 2009). It was found that more than half of the total population of the baby boomers was determined to work after their formal retirement (Court, Farrell, & Forsyth, 2007). As a matter of fact, baby boomers’ workforce is increasing nowadays. After their retirement stage, baby boomers will still tend to work despite their age (Macunovich, 2012, p. 3). The growing demand for this cluster is relatively high due to economic turmoil that is happening nowadays. Baby boomers tend to continue working because they need to cover up their consumption by gaining no more than 80% of their standard income. As to that, there would be 40% of them active in the workforce at age 65. By 2015, 33% of the baby boomer workforce will reach over the age 50 (Court, Farrell, & Forsyth, 2007). Approximately, 83% of them are receiving social security benefits ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“How health care cost and the aging baby boomer population will affect Research Paper - 1”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1609931-how-health-care-cost-and-the-aging-baby-boomer-population-will-affect-the-economy
(How Health Care Cost and the Aging Baby Boomer Population Will Affect Research Paper - 1)
https://studentshare.org/macro-microeconomics/1609931-how-health-care-cost-and-the-aging-baby-boomer-population-will-affect-the-economy.
“How Health Care Cost and the Aging Baby Boomer Population Will Affect Research Paper - 1”, n.d. https://studentshare.org/macro-microeconomics/1609931-how-health-care-cost-and-the-aging-baby-boomer-population-will-affect-the-economy.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Baby Boomer
...and 1940s, which are the Second World War and the great depression (Chapman 212). These were hard times and they are the events that shaped the ideologies of the GI and the silent generation. During these times, people normally obeyed commands and were not supposed to question. The young had no say in the society. They learned how to compromise, work hard, persevere, and sacrifice for the country. However, they were slow in bringing in changes in the society as they were conservative. The baby boomers are those born during the post war period this is a group that was influenced by the era of grand visions. This was a time when people were fighting for freedom, there was concerted effort...
4 Pages(1000 words)Essay
Baby Boomer Era/Retirement Enjoying
..., and parenting. They spend less on entertainment, clothing, food, and household furnishing. However, their saving characteristic is less than the recommended 10 per cent. Migration of the baby boomers affects the policies of rural development and the rural economies. The social and economic impact from their migration connects to issues under vigorous debate. These migrations influence adjustment of social security, workforce issues, pension guarantees, and health care provision (Roberts & Manolis 2000). For instance, the population that underwent retirement population in the 1990s experienced payment transfer from the government. Baby boomers form the largest segment in the world: representing about 28% of the world population... on...
4 Pages(1000 words)Assignment
Aging population
..., and seniors are sensitive to unexpected costs and the high price of long-term care." Each generation is influenced by its scenarios. The happening around them throughout their lives finally affects their old age. Their old age become a reflection of it. Those who have experienced world wars in their youth or adulthood, they are more likely to have a negative behavior about war and fighting, since they have experienced its disasters. They are expected to have a defensive approach. When we talk about our point of concern, that is the aging population in today's time, we find that our mature customers have been grown up...
12 Pages(3000 words)Essay
Baby Boomer Generation
...boomers. Baby Boomer Generation - Defined The baby boomer generation is defined as a legion composed of those who were born between the years of 1946 and 1964. The term "baby boom" was coined as this period is characterized by the dramatic escalation of population in the United States (US) and in other countries as well (Gianoulis). To illustrate this, the chart below exhibits how the number of infants born skyrocketed within this era. The escalation in birth rate is attributed to economic prosperity experienced after World War II as the US became a major exporter of goods required for rebuilding...
5 Pages(1250 words)Essay
Health care cost
..., while the hourly earnings during the same period have escalated by fourteen percent. This galloping health care costs that is affecting affordability of health care is the reason for concern. Any control measures need an understanding of the factors that are responsible for the escalation in health care costs. According to Ginsberg, 2004, advances in science and technology that has seen a rise in new technologies available to health care, is the prime driving force behind the escalation in health care...
2 Pages(500 words)Essay
Aging Population
...Aging Population Sur Sur Aging Population It is true that in the next 25 years we will have more elderly people due to the aging baby boomers. Our elderly population has, however, already been gradually increasing if for no other reason than the longevity of seniors due to better medical care, and, consequently, better general health. As the percentage of elderly people increases, they will continue to be accommodated. That the few (workers) will support the many (seniors) is a given. However, the few must remember that one day it will become their turn to be...
1 Pages(250 words)Essay
Aging population
... The composition of the American population has tremendously changed over the last twenty years. In a census that was conducted in 2000, 35 million Americans aged 65 and above were counted. Almost a quarter of these elderly Americans live in Florida. Pennsylvania has a total population of 15,982,000 residents.18% of these are elderly people aged 65+.in the third place is west Virginia, which 16% of its population, comprise of people aged 65+ (Christine, pg.1). North Dakota leads the states with youngest people in America. It is the state with the lowest youth unemployment of all the fifty states. It secondly followed by south Dakota, which has 10% of youth aged between 20-24 .The youth unemployment rate in this state is only 8.4... %.the...
1 Pages(250 words)Essay
Cost of Health Care
...Association . 2006). The criteria to be met so as to acquire medical funds from this organization is; being mentally disturbed and homeless, suffering from schizophrenia and yet no access to a health care facility and living with a mental condition in a poor environment (National Mental Health Association ,2006, p.3). The organization helps those who cannot access their funds by using the U.S Protection and Affordable Care Act to get funding directly from the government and help those who do not qualify for their assistance (National Mental Health Association . 2006). Conclusion Mentally disturbed patients have limited options of places where they can...
1 Pages(250 words)Assignment
Health Care Cost
...Health Care Cost al Affiliation) Health Care Cost Employers have the capa to control healthcare expenses through incentives, which inspires workers to work hard and act properly keeping them away from destructive work practices such as idleness. Health savings accounts allow workers to use their cash, offering them a pause to reflect on how they can get their healthcare, the most lucrative way. Employers can offer spousal coverage by paying a fraction of the premium and put their partners and kids on their plan. Employers can put smokers on a coverage plan, which eradicates smoking throughout working...
1 Pages(250 words)Essay
Baby-Boomer Retirement
... crash leading to rise in unemployment, the traditional funding will face revenue loss. Identifying new avenues of sourcing revenue will boost funding to the system. This approach will sustain it in the long run and will fix the deficit by the time the younger working population reaches retirement age. It is without doubt that the social security funding system is an important aspect of the economy and should, therefore, be sustained. The dynamic demographic world poses a threat to the system. The state should, therefore, make drastic reforms in the system to cope up with the economic changes and prevent bankrupting the system. Unfortunately,no matter the route that is taken, additional costs will be involved... ...
3 Pages(750 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Research Paper on topic How health care cost and the aging baby boomer population will affect the economy for FREE!
Contact Us