Long Term Care †Aging Baby Boom Generation Essay

The tiddler boom generation will pose a gross assume for dogged-term care services and the challenges that state and federal governments face in budgeting to offset those services. Federal entitlement spending will sharply cast up due to lack of preparation (saving money) for old age by treat boomers. The rough 76 million baby boomers born between 1946 and 1964 are anticipate to double the essence on Medicare, Medicaid, and Social Security by 2035. (United States disposal Accounting Office, 2001) Social Security and Medicare reform must continue to grip the programs viable and capable of meeting those commitments. Medicaid, the main agency that finances long term care, will need realistic focus. Currently, the services of Medicaid are ineffective to meet the demands of need for individuals with disabilities, leaving the individuals family to face the burden of long term care cost. (United States political sympathies Accounting Office, 2001) As the baby boom generation re tires and the Medicare-eligible population swells, the imbalance between outlays and revenues will increase dramatically.Medicare growth rates reflect not only a speedily increasing beneficiary population,but also the escalation of health care cost at rates well exceeding general rates of inflation. magic spell advances in science and technology have greatly expanded the capabilities of medical exam science, disproportionate increases in the use of health services have been fuel by the lack of effective means to channel patients into consuming, and providers into offering, only let services. Although Medicare cost growth had slowed in recent socio-economic classs, in fiscal year 2001 Medicare spending grew by 10.3 Percent and is up 7.8 percent for the first 5 months of fiscal year 2002. (United States Government Accounting Office, 2001)ReferenceUnited States Government Accounting Offices (2001) Long Term Care Aging Baby Boomers Retrieved from http//www.gov/assets/one hundred t en/109196.html