Baby Boomer Essay

Amazing Essays
Register to read the introduction… Government assistance programs liability may increase from the current status. The federal liability could rise and double from current. Many economists anticipate aging boomers to create chaos in the housing market because a large percentage will remain in his or her home versus selling it. People are concerned that as million of Baby Boomers acknowledge retirement age will hinder America’s workforce. Fear of approaching labor shortage because of Baby Boomers retirement is reality. Many fear the number of employees paying taxes to support the entitlement programs will decrease. Americans predict the demand for medical attention coupled with the aging population will challenge resources that future generations are confronted with such as escalated inflation, phenomenal tax or could result in both. The phenomenal increase in Medicare cost for individuals aged 65 and older will escalate national debt (Orlovsky, n.d.).
Hospitals, nursing homes, and other organizations will need to pursue creative solutions to resolve the worker shortage in health care industry. Some hospitals and factories are currently indulging in
…show more content…
Health care and other industry will need to acknowledge the imperative need to implement change as a means to meet the demand of boomer era. Many of today’s health care employees are themselves part of the Baby Boomers era. The average age of nurses employed in a hospital is 40 and the majority is approaching the end of his or her career. The Baby Boomers existence will play a major role in health care demand and availability. Health care negative issue will originate from over-demand. Generally, people tend to need health care more as he or she age (Chesterfield,

Related Documents

  • Decent Essays

    It is not obvious to see from today’s economy, but the potential power goes on in next 10 years. Aging population is slowing down the pace of labor force growth. In response to the financial difficulties brought by this change of population structure, young generation may face pressures such as tax revenue growth, reduction of social welfare and hard to find jobs. Thinking of some solutions for this problem are to accept more immigration families to cover the labour force shock caused by baby boomers or to raising retirement age to stay labour force as a steady point. The most but not the least important thing is to improve the ability of efficiency of science and technology innovation and the work productivity to effectively reduce the pressure of the aging population brings to our economy.…

    • 1107 Words
    • 5 Pages
    Decent Essays
  • Decent Essays

    Baby Boomer

    • 1645 Words
    • 7 Pages

    To keep costs down, home health care is a must. Hospitalizations are costly, and sometimes present an unhealthy atmosphere. There is an increased number of patients with chronic diseases contribute to causes high hospital readmission. Patients who are treated in their own homes are less likely to be exposed to additional infections simply because they aren’t in the hospital with so many other people. In a report from the New England Medical Journal, Dr. Stephen Landers states, “First, by 2030, the number of people in the United States over 65 is expected to exceed 70 million.…

    • 1645 Words
    • 7 Pages
    Decent Essays
  • Decent Essays

    Shortage In Healthcare

    • 748 Words
    • 3 Pages

    However, hospitals are concerned about the cost of hiring theses nurses, and the type of quality care the patients are receiving. Also the patient has to pay a lot more money due to health insurance. “In addition to adversely affecting quality and costs, nursing shortages can result in reduced access to health care simply because there are not enough caregivers to provide for those in need” (Snavely). In a couple years from now people that need healthcare might not be able to receive healthcare. The cause of people not receiving care is due to the low rates of staff at medial facilities.…

    • 748 Words
    • 3 Pages
    Decent Essays
  • Decent Essays

    Due to the surplus number of people that will be retiring soon, the benefits from the Social Security will be hitting the Government really hard, and the only way the Government will be able to keep it sustained is to make a lot of cuts from the benefits, or loan a huge amount of money from another bureau department. Other options they might use to make up for the losses would be to raise up the contribution level which is being experienced. That is, to increase the amount of taxes for the working citizen or even raising the retirement ages. Privatizing the social security system can hinder all this from happening by funding the existing payroll tax, therefore avoiding and preventing any benefit cuts or tax increase. Another benefit of the privatized pension system is; it will increase the viability of the program.…

    • 1204 Words
    • 5 Pages
    Decent Essays
  • Decent Essays

    Mandating that your employers offer this insurance, but because of how much costly it is to the employer the employees has to look at the cost measures. Should I take out health insurance or feed my family. It is a no win decision most Americans would deem for the lesser good and provide for their love ones versus getting healthcare service. Physical/Demographic Issues There are many issues that affect the equality of healthcare in this economic downturn such as the lack of vaccinations, chronic diseases and lower disease burdens. As the population of healthcare issues increases dramatically, there will be a more of a need for adequate resources they may need to become available to meet the challenges of providing health care and good quality of life for the individuals and families that are uninsured.…

    • 1229 Words
    • 5 Pages
    Decent Essays
  • Decent Essays

    Underwriting In Insurance

    • 856 Words
    • 4 Pages

    With the Individual Mandate requiring the majority of Americans to have health insurance, insurers will be looking at more problems in the future. There will always be risky and sick people, but by forcing them into selecting plans, the risk will follow them wherever they go. Eventually when adverse selection happens from having too many risky people in a covered pool, we will see costs continue to rise for the majority creating more problems for insurance providers to keep everyone happy. This could result in similar consequences to Harvard University’s downfall of the PPO, but over a larger population and with more plans…

    • 856 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    Thus, this is a more complex shortage, which promises to worsen during the next decade as more nurses retire. Past economic solutions such as sign-on bonuses, relocation coverage, or new premium packages will have limited and temporary effect because they simply redistribute the supply of nurses, not increase it. However, these solutions are already gaining in popularity again as evidenced by ads in local newspapers. The solutions to create a sustained improvement to the nursing shortage will need to be more radical than past shortages and must address many long-term issues. In addition to the worsening nurse shortage is the shortage of other staff including various allied health professionals, secretaries, and support staff.…

    • 2137 Words
    • 9 Pages
    Decent Essays
  • Decent Essays

    It has been predicted that should a retirement age be implemented, there would be an over flow of vacancies within the work force. While this may benefit the younger demographic looking for jobs, it also hurts them. Due to the fact that there will be profuse amounts of people expecting pension checks every so and so weeks, the government will need to find a place to acquire that money. As Gokhale said, “The burden on working generations to support a larger and longer lived retiree population will increase,”(Gokhale, 2004). Not only will the added burden of supporting the numerous retired men and will cause stress, but it may even negatively affect today’s economy.…

    • 737 Words
    • 3 Pages
    Decent Essays
  • Decent Essays

    Greenblatt states, “With student debt having tripled over the past decade to $1 trillion, some analysts believe it is hampering home sales to first- time buyers” (249). David H. Stevens, chief executive of the Mortgage Bankers Association claims, “It’s going to have an extraordinary dampening effect on young peoples’ ability to borrow for a home, and that’s going to impact the housing market and the econo-my at large” (qtd. in Greenblatt 249). To curtail unemployment, we need to work as a…

    • 989 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    Minimum Wage for Minimum Skills The war over minimum wage in America is roaring on. On one side, people argue that raising the minimum wage will help many escape poverty and maybe even provide more jobs. On the opposing side, people argue raising the minimum wage would only reach half of those who really need it and result in a major loss of jobs; therefore, it would be unsuccessful (Gray). Of these two sides, I agree with the latter. Through my research, I have found out that there is going to be more harm than done if we increase the minimum wage.…

    • 1381 Words
    • 6 Pages
    Decent Essays