The number of baby-boomers that are reaching retirement age is growing almost exponentially each year
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The number of baby-boomers that are reaching retirement age is growing almost exponentially each year. Older citizens are high users of healthcare services. Should there be limitations placed on the amount of services that can be provided to senior citizens to keep the system financially viable? If so, what are they? If not, why not?
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Solution Summary
This solution looks at the impact that the aging baby boomer population has on the healthcare system, and whether or not there ought to be limits put on the number of services that baby boomers can receive in order to keep the system financially viable.
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The years 1946 to 1964 were the "Baby Boomer" era During this time, a large number of births took place; hence the term "Baby Boomer" was coined. These individuals have now reached the age of retirement and are receiving healthcare retirement benefits from Medicare. Due to the large amount of funds that the government has to pay out to these individuals every month, an economic deficit has been created. Currently, the number of taxpayers is much less than the number of individuals receiving Medicare and ...
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