Millennials may be poised to overtake Baby Boomers in terms of population. Even as they age, however, the Boomers’ influence cannot be denied. This is unfortunately most true in terms of health care, with many Boomers beginning to suffer the chronic and acute health conditions that naturally accompany old age.
The health care industry is poorly equipped to take on increases in Boomer visits — and the increase in the condition severity underlying such visits. Below, we highlight a few of the ways in which the graying of the Baby Boomer generation is already starting to strain the health care system — and implications for the future.
Increased Cost of Care
Chronic conditions are expensive, and unfortunately, already an undeniable reality of the Baby Boomer experience. Boomers are more likely to suffer higher rates of obesity, high cholesterol, hypertension, and diabetes — all of which need to be managed carefully to prevent severe health issues. Patients with chronic conditions are more likely to suffer other health issues, which in turn, may lead to costly hospital visits. Meanwhile, the percentage of the American population paying into Medicare continues to decline, especially as Baby Boomers reach retirement age.
If there is a silver lining to the increased costs associated with aging Baby Boomers, it’s that this evolution — combined with high expectations among Boomers — is quickly driving innovation. Many Boomers use mobile devices to stay informed and on top of their care. Smartphone apps, in particular, assist Boomers in managing medications and other essentials. Remote health systems deliver improved preventative care while reducing costs across the industry.
Given the realities of tomorrow’s strained health care system, it is more important than ever that you stand up to negligence. Regan Zambri Long PLLC is a trusted resource for medical malpractice victims. Contact us today to learn how we can help.