Long Term Care †Aging Baby Boom Generation Essay

The baby yowl extension leave alone pose a porcine demand for long-term c ar operate and the challenges that state and federal governments face in budgeting to offset those services. Federal entitlement expense ordain sharply increase due to pretermit of preparation (saving money) for old age by baby boomers. The some 76 meg baby boomers born amidst 1946 and 1964 atomic number 18 anticipated to double the nucleus on Medicare, Medicaid, and Social Security by 2035. ( coupled States political relation Accounting Office, 2001) Social Security and Medicare crystalise must continue to keep the programs practicable and capable of meeting those commitments. Medicaid, the main chest of drawers that finances long term care, will need realistic focus. Currently, the services of Medicaid are unable to meet the demands of need for individuals with disabilities, exit the individuals family to face the burden of long term care cost. (United States presidential term Accounting Offi ce, 2001) As the baby boom generation retires and the Medicare-eligible population swells, the imbalance between outlays and revenues will increase dramatically.Medicare growth evaluate reflect not only a rapidly increasing beneficiary population, just now also the escalation of health care cost at rates well colossal general rates of inflation. While advances in science and technology view greatly expanded the capabilities of medical science, disproportionate increases in the use of health services have been fueled by the lack of sound means to channel patients into consuming, and providers into offering, only abstract services. Although Medicare cost growth had slowed in late(a) course of instructions, in fiscal year 2001 Medicare spending grew by 10.3 Percent and is up 7.8 share for the first 5 months of fiscal year 2002. (United States Government Accounting Office, 2001)ReferenceUnited States Government Accounting Offices (2001) Long terminal Care Aging Baby Boomers Retr ieved from http//www.gov/assets/one hundred ten/109196.html