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| The Aging of America: Implications for the Business of Health Care |
The Aging of America: Implications for the Business of Health Care is packed with data, trends, projections and other research findings on how Baby Boomers are about to reshape U.S. health care.
With contributions from organizations like:
And government agencies like:
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The Administration on Aging
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CDC
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Congressional Budget Office
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Congressional Research Service
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Institute of Medicine
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Census Bureau
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Bureau of Labor Statistics
Separate chapters focus on how Boomers will impact hospitals and other providers, health plans, long-term and home care services, age-related diseases, and much more.
(Click for full list of contributors and table of contents)
Baby Boomers, who are now turning 60 at the rate of one every seven seconds, are about to redefine what it means to grow old in America. And the health care industry will be transformed in many significant ways as this enormous population bulge works its way through the system.
The number of people in the U.S. who are 65 and older is expected to double in the next 25 years, to nearly 20% of all Americans (more than 70 million). The age group 85 and older is now the fastest growing segment of the population.
And with the explosion in raw numbers, the face of aging is also changing dramatically, in terms of longer life expectancy, more chronic illness, higher disability rates, growing long-term care needs, changing retiree migration patterns and their impact on hospital services, and much more.
Already critical issues – such as the cost of managing chronic disease, and funding Medicaid, Medicare and Part D – will be magnified by the exploding number of Boomers who will live with chronic illness for longer periods of time and be eligible for these and other programs.
The aging of Boomers will trigger dynamic changes in the demand for:
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Physicians and surgeons in many specialties
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Inpatient and outpatient services in different procedural areas
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Visits to physicians offices
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Long-term, home and community-based services
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Many medical procedures and tests
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Innovative (and expensive) new pharmaceuticals
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Occupations and settings that serve the elderly
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New employees throughout the health care workforce to replace retiring Boomers
New challenges confront every sector of health care. Whether you’re employed by a hospital or health system, medical group or other provider, health plan or other payer, pharma or biotech company, long-term care or home health provider; or supplier of health care products or services ... it is now time to design and implement new strategies for the future.
Table
of Contents
Chapter 1: Population Aging Trends and Projections
- Chapter Overview
- Mapping the Growth of Older Americans: Seniors and Boomers in the 21st Century (excerpt)
William H. Frey
The Brookings Institution
- Profile: Americans 65+
MetLife Mature Market Institute
- Profile: American Baby Boomers
MetLife Mature Market Institute
- Older Population by State 2005-2030
U.S. Administration on Aging and U.S. Census Bureau
- Profile of Older Americans 2007 (excerpt)
Administration on Aging
U.S. Department of Health and Human Services
- Study Debunks Boomer Urban Migration Myth
Mortgage Daily News
- Older Americans 2008: Population (excerpt)
Federal Interagency Forum on Aging-Related Statistics
Congressional Budget Office
- Current Population Reports 1995-2050 (excerpts)
U. S. Census Bureau
Chapter 2: Age and Aging-Related Diseases and Physical Conditions
- Chapter Overview
- Cross-Cohort Differences in Health 2006 (excerpt)
Beth J. Soldo, Olivia S. Mitchell, Rania Tfaily, John F. McCabe
National Bureau of Economic Research
- 2008 Alzheimer’s Disease Facts and Figures: Prevalence and Looking to the Future (excerpt)
Alzheimer’s Association
- Trends in Health Status and Health Care Use Among Older Women (excerpt)
Kristen Robinson, Ph.D., Office of Analysis and Epidemiology
Centers for Disease Control and Prevention
- When I’m 64: How Boomers Will Change Health Care (excerpt)
First Consulting Group
- Health United States 2007: With Chartbook on Trends in the Health of Americans
(excerpt)
Centers for Disease Control and Prevention
- Today’s Research on Aging: Trends in Disability in Older Age
Population Reference Bureau
- Older Americans 2008: Health Status (excerpt)
Federal Interagency Forum on Aging-Related Statistics
Congressional Budget Office
- Survey: Meds in Development for Older Americans (excerpt)
Pharmaceutical Research and Manufacturers Association (PHRMA)
- State of Aging and Health in America 2007 (excerpt)
Centers for Disease Control and Prevention
- Trends in Causes of Death Among Older Persons in the United States
Yelena Gorina, M.S., M.P.H.; Donna Hoyert, Ph.D.; Harold Lentzner, Ph.D. and Margie Goulding, Ph.D.
Centers for Disease Control and Prevention
Chapter 3: Implications for Hospitals, Health Systems and Other Providers
- Chapter Overview
- Alzheimer’s Disease Facts and Figures 2008: Use and Cost of Care (excerpt)
Alzheimer’s Association
- A Healthwise Grey Paper: How Boomers Can Save Health Care
Molly Mettler, MSW, Senior Vice President, Healthwise; Donald W. Kemper, MPH, Chairman and CEO, Healthwise
Healthwise
- When I’m 64: How Boomers Will Change Healthcare (excerpt)
First Consulting Group
- The Effect Of Population Aging On Future Hospital Demand
Bradley C. Strunk, Paul B. Ginsburg and Michelle I. Banker
Health Affairs
- Impact of the Aging Population on the Health Workforce (excerpt)
State University of New York Albany, funded by the Health Resources and Services Administration
- Retooling for an Aging America: Building the Health Care Workforce
Institute of Medicine/National Academy of Sciences
- Aging U.S. Population and The Healthcare Workforce (excerpt)
Susan A. Chapman, Ph.D., R.N., Marina Dronsky, Ph.D., Robert J. Newcomer, Ph.D., Charlene Harrington, Ph.D., R.N.; Kevin Grumbach, M.D.
UCSF (a Health Resources and Services Administration funded study)
- Older Americans 2008: Healthcare Usage (excerpt)
Federal Interagency Forum on Aging-Related Statistics
Congressional Budget Office
- 2007 State Physician Workforce Data Book (excerpt)
Association of American Medical Colleges
Chapter 4: Cost Implications and Impact on Health Plans
- Chapter Overview
- Long-Term Outlook for Health Care Spending (excerpt)
Congressional Budget Office
- Alzheimer’s Fact and Figures 2008: Use and Cost of Care (excerpt)
Alzheimer’s Association
- Assessing the Fiscal Impact of Aging
Written by Amanda Sonnega, Ph.D., Associate Director for External Relations, Michigan Retirement Research Center, University of Michigan
Edited by Population Reference Bureau
- CRS Report: Health Care Spending and Aging of the Population
Jennifer Jenson, Specialist in Health Economics, Domestic Social Policy Division
Congressional Research Service
- Health Coverage for Aging Baby Boomers (excerpt)
Sara R. Collins, Karen Davis, Cathy Schoen, Michelle M. Doty, and Jennifer L. Kriss
The Commonwealth Fund
- Older Americans 2008: Healthcare Usage (excerpt)
Federal Interagency Forum on Aging-Related Statistics
Congressional Budget Office
- Research Highlights: Future Health and Medical Care Spending of the Elderly
RAND Corporation
- NBER Bulletin on Aging and Health #18: The Effect of Prescription Drug Insurance on
Utilization and Health among the Elderly (excerpt)
National Bureau of Economic Research
- NBER Bulletin on Aging & Health #19: Designing Health Insurance for the Elderly
National Bureau of Economic Research
- Genworth 2008 Cost of Care Survey: Home Care Providers, Adult Day Health Care Facilities,
Assisted Living Facilities and Nursing Homes (excerpt)
Genworth Financial
Chapter 5: Impact on the Long-Term Care and Home Health Markets
- Chapter Overview
- Caring for America’s aging population: A profile of the direct-care workforce
- Kristin Smith and Reagan Baughman
United States Department of Labor, Bureau of Labor Statistics
- Long Term Care Financing – Growing Demand (excerpt)
Statement of Kathryn G. Allen, Director, Health Care — Medicaid and Private Health Insurance Issues
Government Accounting Office
- National Spending for Long Term Care Caregivers (excerpt)
Robert Friedland
Georgetown University Long-Term Care Financing Project
- Caregivers and Long-term Care Needs in the 21st Century: Will Public Policy Meet the Challenge? (excerpt)
Robert Friedland
Georgetown University Long-Term Care Financing Project
- The MetLife Market Survey of Nursing Home & Assisted Living Costs (excerpt)
MetLife Mature Market Institute
- The MetLife Market Survey of Adult Day Services & Home Care Costs (excerpt)
MetLife Mature Market Institute
- Meeting Long-Term Care Needs of Baby Boomers: How Changing Families Will Affect Paid Helpers and Institutions (excerpt)
Richard W. Johnson, Desmond Toohey, and Joshua M. Wiene
The Urban Institute
- The Supply and Demand of Professional Social Workers Providing Long-Term Care Services (excerpt)
U. S. Department of Health and Human Services
- Alzheimer’s Disease Fact and Figures 2008: Use and Cost of Long-Term Care (excerpt)
Alzheimer’s Association
- Financing Long-Term Care for the Elderly (excerpt)
Congressional Budget Office
- The Impact of the Aging of the Population on the Health Workforce (excerpt)
State University of New York at Albany (a Health Resources and Services Administration funded study)
- Family Caregivers – What They Spend, What They Sacrifice
Linda Naiditch and Donna L. Wagner, Ph.D.
Evercare/National Alliance of Caregivers
- Estimated Prevalence of Economic Value of Family Caregiving (by State 2004) (excerpt)
National Family Caregivers Association
- An Aging U.S. Population and the Health Care Workforce (excerpt)
University of California, San Francisco Center for California Health Workforce Studies
- Family Caregiving: State of the Art, Future Trends (excerpt)
Family Caregiver Alliance
- State of Technology in Aging Services (excerpt)
Majd Alwan, Ph.D., and Devon Wiley
Center for Aging Services Technologies (CAST)
American Association of Homes and Services for the Aging (AAHSA)
Chapter 6: Impact on Pharmaceutical Companies and Pharmacies
- Chapter Overview
- 2005 Survey: Medicines in Development for Older Americans
Pharmaceutical Research and Manufacturers Association (PHRMA)
Written
By
Michael Carbine, Managing Editor at AIS, who is a veteran health business journalist with extensive experience working with Area Agencies on Aging and nonprofit organizations on a range of policy issues and program planning strategies related to aging.
Written
For
CEOs, CFOs, strategic planners, and product and marketing managers employed by:
- Hospitals and health systems
- Medical groups and other providers
- Health plans and or other payers
- Large employers and other health care purchasers
- Pharmaceutical and biotech companies
- Health insurance brokers and agents
- Long-term care and home health providers
- Suppliers of health care products or services
- Government officials, policy makers and researchers
- Leaders in gerontology
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