Question

In: Economics

What impact do you feel Baby Boomers are going to have on healthcare in the near...

What impact do you feel Baby Boomers are going to have on healthcare in the near future? How can we prepare for that?

    - Do you think we will have enough staff to take care of this group of Baby Boomers! How are we going to manage that?

   - What impact do you feel this may have beyond healthcare to housing, transportation, travel and more?

Solutions

Expert Solution

First wave of baby boomers are about to cross retirement age and hence cost of medicare shall rise owing to probability of malfunctioning in body due to disease and ailments  

The cost of medicare for future generations is all expected to rise substantially and lead to inflation.

Healthcare sector thus must be able to handle this excess demand which apparently doesn't seem to meet because of inadequate supply of quality healthcare systems and staff.

Government must aid medicare using robotic surgery, and staff training from top Medical Schools and must encouraging and provide scholarships to future generations to boost quality supply. Quality infrastructure and higher accessibility is need of hour.

Impact on transportation and housing has been more profound as the baby boomers retire or either die early which leads to selloff of old homes and creates supply glut which causes sharp fall in prices. Travel gets marginally affected as young generation seen more indulgent in it.


Related Solutions

WHO ARE THE BABY BOOMERS? WHAT IS "BOOMERNOMICS"? WHAT HAPPENED WITH THE ECONOMICS OF BABY BOOMERS:...
WHO ARE THE BABY BOOMERS? WHAT IS "BOOMERNOMICS"? WHAT HAPPENED WITH THE ECONOMICS OF BABY BOOMERS: 40'S, 50'S, 60'S, 70'S, 80'S, 90'S, 00'S, 10'S AND NOW FROM 2020 TO 2040 GLOBALLY? WHAT ARE THE THREE MOST IMPORTANT INDUSTRIES NEXT 10 - 20 YEARS FOR YOUR CAREER OR BUSINESS? WRITE A SHORT ESSAY IN YOUR OWN WORDS OF 500 - 1000 WORDS ANSWERING ALL THESE QUESTIONS AND POST IT DIRECTLY ON SCHOOLOGY HERE, THANK YOU..
what is the economic impact of healthcare fraud and how do you feel about it?
what is the economic impact of healthcare fraud and how do you feel about it?
The Baby Boomers have begun to retire and will continue to do so in increasing numbers...
The Baby Boomers have begun to retire and will continue to do so in increasing numbers through about 2030. The retired have a very different saving rate than people in the middle years of their careers. Apply the theory of supply and demand to financial markets to predict the likely impact on interest rates of the Baby Boomers retiring. Thank you.
WHAT IS "BABY BOOMER ECONOMICS"? WHEN WERE THE BABY BOOMERS BORN? RESEARCH : WHAT HAPPENED WITH...
WHAT IS "BABY BOOMER ECONOMICS"? WHEN WERE THE BABY BOOMERS BORN? RESEARCH : WHAT HAPPENED WITH BABY BOOMER MARKETS GLOBALLY IN THE 1940'S; 1950'S; 1960'S; 1970'S; 1980'S, 1990'S; 2000'S; 2010'S AND TODAY? HOW DOES IT IMPACT THE GLOBAL TRAVEL AND TOURISM INDUSTRY? HOW WILL IT AFFECT YOUR OWN CAREER OR BUSINESS THE NEXT 20 YEARS?  
Chapter 3. 40. How do you suppose the demographics of an aging population of “Baby Boomers”...
Chapter 3. 40. How do you suppose the demographics of an aging population of “Baby Boomers” in the United States will affect the demand for milk? Justify your answer. Chapter 4. 21. Other than the demand for labor, what would be another example of a “derived demand?”
What do you think about the healthcare costs in the United States and do you feel...
What do you think about the healthcare costs in the United States and do you feel they are higher here?
What impact do fathers have during and after the birth of the baby? How do fathers...
What impact do fathers have during and after the birth of the baby? How do fathers experience the pregnancy? What are signs of postpartum depression and how can the father assist the mother?
Analyze the impact of the telemedicine in healthcare..   What impact do they have? Analyze security risks...
Analyze the impact of the telemedicine in healthcare..   What impact do they have? Analyze security risks and privacy safeguards related to telemedicine in healthcare.. What are the privacy risks and security safeguards of telemedicine? Examine strategies to evaluate system effectiveness.
Who do you want to share your cubicle with and why? Traditionalist/Veterans (born 1922-1945) Baby Boomers...
Who do you want to share your cubicle with and why? Traditionalist/Veterans (born 1922-1945) Baby Boomers (born 1946-1964) Generation X (born 1965-1982) Generation Y (born 1983-1997)
Millenials have officially surpassed baby boomers as the largest living generation in the United States How...
Millenials have officially surpassed baby boomers as the largest living generation in the United States How do you think that this will affect the economy and your industry?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT