Long Term Care - Aging Baby Boom Generation Essay Example for Free

Long call Care Aging frustrate Boom Generation EssayThe baby boom generation entrust pose a gross demand for long-term lot services and the challenges that state and federal governments present in budgeting to offset those services. Federal entitlement spending willing sharply increase due to lack of homework (saving money) for old age by baby boomers. The some 76 million baby boomers born amongst 1946 and 1964 are anticipated to double the burden on Medicare, Medicaid, and Social Security by 2035. (United States politics account Office, 2001) Social Security and Medicare reform must continue to keep the programs viable and capable of meeting those commitments. Medicaid, the chief(prenominal) agency that finances long term care, will need realistic focus. Currently, the services of Medicaid are ineffectual 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 Government Ac counting Office, 2001) As the baby boom generation retires and the Medicare-eligible population swells, the imbalance between outlays and revenues will increase dramatically.Medicare growth rates reflect not only a rapidly increasing benefactive role population,but also the escalation of health care costs at rates well exceeding global rates of inflation. While advances in science and technology have greatly expanded the capabilities of medical science, disproportionate increases in the use of health services have been fueled by the lack of effective bureau to channel patients into consuming, and providers into offering, only appropriate services. Although Medicare cost growth had slowed in recent courses, 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 Retriev ed from http//www.gov/assets/110/109196.html