Long Term Care †Aging Baby Boom Generation Essay

The kid boom generation will pose a gross pauperism for pertinacious-term care services and the challenges that state and federal governments face in budgeting to offset those services. Federal entitlement spending will sharply ontogeny due to lack of preparation (saving money) for old age by tyke boomers. The or so 76 million baby boomers born between 1946 and 1964 are evaluate to double the payload on Medicare, Medicaid, and Social Security by 2035. (United States governing body Accounting Office, 2001) Social Security and Medicare reform must continue to keep on 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 inefficient 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 organization Accounting Office, 2001) As the baby boom generatio n retires and the Medicare-eligible population swells, the imbalance between outlays and revenues will increase dramatically.Medicare growth rates reflect not only a chop-chop increasing beneficiary population, but also the escalation of health care cost at rates well exceeding general rates of inflation. bandage advances in science and technology have greatly expanded the capabilities of health check 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 entrance services. Although Medicare cost growth had slowed in recent familys, 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 ten/ 109196.html