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Aging
New Study: Aging Baby Boomers Could Overwhelm U.S. Health Care System by 2017, Unless Decisive Action Is Taken
March 21st, 2008
The approaching onslaught of over 70 million aging baby boomers could overwhelm the U.S. health care system and engulf the nation's tenuous economy, according to a new study, "Will the Boom Bust Health Care'," by management consulting firm Tefen USA. A recent report from the Centers for Medicare and Medicaid Services (CMS) predicts that unless decisive action is taken, total U.S. health care spending will double to just over $4.3 trillion by 2017 - or nearly 20 percent of the nation's gross domestic product. Tefen USA estimates that this figure could be considerably higher, based on its assessment of data that people over the age of 65 experience nearly three times as...
Source: Health Business Week (2008-03-21)
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