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G6 - Topic 6 - Medicare and Baby Boomers

G6 - Topic 6 - Medicare and Baby Boomers - workforce SSPPS...

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Medicare –Are Baby Boomers parasitic  consumers or are Echoes a whining   workforce? SSPPS 207 Introduction to Health Care Systems and Policy Winter 2011 Sophie Judy Bordson, Ann Hana, Jiah Kim, Katie Medders, Marwa Rifai
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Medicare Federally administered social insurance program Provides health insurance coverage to anyone ≥ 65 years permanently disabled End-stage renal disease Amyotrophic lateral sclerosis (ALS) Covers up to 80% of any given medical cost Remaining 20% from own pocket or from supplemental private insurance companies Also funds residency training programs for several physicians in the US http://en.wikipedia.org/wiki/Medicare_(United_ States)
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Baby Boomers vs. Echo  Boomers Baby Boomers: Do you see a problem here? ~76 million babies were born 1946-1964 Starting Jan 1, 2011… Every 8 seconds another Baby Boomer turns 65 3.5 to 1 2.3 to 1 workers per beneficiary Echo Boomers: 1980-1995: Children of Baby Boomers Age groups: 15-30
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What’s the main problem?
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Why do we care?
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