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Caring for a Large Geriatric Generation: The Coming Crisis in U.S. Health Care

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  • Walter M. Cadette

Abstract

The time has more than come to begin planning seriously for the aging of the baby boom generation. The need for planning goes beyond concerns about the solvency of Social Security and Medicare. Another crisis looms in the form of a huge bill for the care of baby boomers who in their old age will need help dressing, eating, taking medication, and performing other daily tasks. Under the current system, most nursing home care is paid for by Medicaid-a program designed primarily to subsidize the acute care of indigent families. This arrangement diverts health care resources from their intended use, thwarts the development of a long-term-care insurance system, and provides meager resources to heavily burdened providers, forcing them to skimp on care needed by a vulnerable population.

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  • Walter M. Cadette, "undated". "Caring for a Large Geriatric Generation: The Coming Crisis in U.S. Health Care," Economics Policy Note Archive 03-3, Levy Economics Institute.
    • Handle: RePEc:lev:levypn:03-3
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    References listed on IDEAS

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    1. Walter M. Cadette, "undated". "Financing Long-Term Care, Replacing a Welfare: Model with an Insurance Model," Economics Public Policy Brief Archive ppb_59, Levy Economics Institute.
    2. Easterlin, Richard A., 1987. "Birth and Fortune," University of Chicago Press Economics Books, University of Chicago Press, edition 2, number 9780226180328, April.
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    Cited by:

    1. Susan Eaton, 2005. "Eldercare In The United States: Inadequate, Inequitable, But Not A Lost Cause," Feminist Economics, Taylor & Francis Journals, vol. 11(2), pages 37-51.

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