Here is the first of a three part series on how we as baby boomers will hit the healthcare system
The Seniors are coming!
We are just coming to understand how improvements in parenting during the first six years of life can have substantial long-term positive affects on the emotional, educational, economic and health outcomes of our population.
This paper will suggest that we can use the same kind of analysis and approach to mitigate the potential risks of our health system and to our economy by the impending collision between our already overstretched healthcare system and the massive increase in potential load caused by the Baby Boomers shifting into the realm of seniors.
In the past, seniors made up only a small percentage of society. It is the “Boomer” aspect that will change everything. At every point in the life cycle, the sheer weight and scale of this group has shaken the institution of the day. This is the group that forced the building of all those schools, that forced the expansion of universities, that pushed up the price of housing, that built the suburbs. This is the group that will hit the healthcare system. The advance guard is here already. As a group its average age is already 50 today. As it hits 60 in 2010, the full impact will start to be felt as about 10 million Canadian enter the early stages of old age.
“Cost drivers such as Canada's growing and ageing population and inflation are projected to increase provincial/territorial health expenditures from $56 billion to $85 billion in 10 years. This cost increase is likely an underestimate, as it does not take into account cost accelerators such as emerging and new technologies, the increased incidence of chronic and new diseases, and the cost of renewal. This could bring total provincial/territorial health spending to over $100 billion within the next decade.”
We all “Know this”. But do we? We have an intellectual understanding. But we have not felt or experienced the impact yet so it may not feel “real”. So let’s dimension the potential problem so that we can feel its full scale and weight. We will then look at the most important factors and their interrelationships so that we can see the underlying system. Finally, we will examine what actions we can take to avoid the crunch.
9:07:34 PM
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