Aging Population

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Chapter 10

• Aging Population

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By the Numbers...
2000 1990 Numbers 60 65 60
65 60 65 60 65 US Total 45,797,200
34,991,753 16.3 12.4 41,857,998 31,241,831
9.4 12.0 Arizona 871,536 667,839 17.0
13.0 631,648 478,774 38.0 39.5 Florida
3,545,093 2,807,597 22.2 17.6 3,048,469
2,369,431 16.3 18.5 California 4,742,499
3,595,658 14.0 10.6 4,234,871 3,135,552
12.0 14.7
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National Distribution
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Growth..

• of population over 65 will rise to 13 by 2010
• 20 by 2030 (70 million people)
• Life expectancy increases lead to this issue
• Also the quality of life issue
• Donor vs. consumer

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More on Growth...
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• 1/2 of your lifetime medical costs will be
  incurred after 65
• US Stats
• 5,360 per capita for gt 65
• 1,286 per capita for lt 65
• Comprise 12 of the population
• Consume more than 1/3 of healthcare expenditures

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!!!

• More than 80 billion on LTC (1997)
• By 2040, more than 3 - 5 times that amount
• Almost 10 of total healthcare spending
• End of life care
• Over 100 billion spent in 1999
• Sinkhole??
• Boat??
• Is there a better policy??

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Long Term Care

• Truly an industry in crisis
• BBA drying up revenues
• Liability insurance issue
• 20 of Floridas 362 Skilled Nursing Facilities
  operating under Chapter 1113
• One facility 108,000 premium in 1999 to
  380,000 in 2000 (for 100,000 coverage!)
• NHC pulling out of 13 facilities due to insurance
  laws
• Same staffing issues as hospitals

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The Future??

• The Boomers Healthcare
• Pig through a python
• National population trends

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The Future??

• Florida is Worse...