A Twenty-year Look Forward at the Impact of the Baby Boom generation on the health system and society. Will they trigger a boom in the demand for health services, and in doing so, wreck our safety net programs- Medicare and Social Security? What will they need and how will we market to them? What are the plans of baby boomers, and will the U.S. economy survive their retirement?
As the US struggles to recover from the recession which began in 2008, it is clear that the health system has been profoundly affected. Not only have healthcare finances been affected by the debt crisis. Healthcare demand itself has weakened as hard pressed consumers postpone using health services. How will the unfolding economic crisis affect hospitals, physicians, health plans and healthcare technology firms? What strategic adaptations are required to weather this crisis, and anticipate the future shape of the health system?
The present US health system is 'powered by baby boom physicians'. As these physicians gear down or retire outright, they are being replaced by younger physicians with different values, practice goals and communications styles. How will this generational transition affect medical practice, as well as hospital/physician relations? How will policymakers cope with the impending scarcity of practicing physicians as the baby boom itself enrolls in Medicare?
The United States spends almost double per capita what other countries spend on healthcare, yet produces inferior health outcomes. Why does health care cost so much more in the United States than anywhere else in the world? How do other countries finance and organize health care? What can we learn from their experience that will help the United States reshape its health system? What can other countries learn from the United States' experience?
The Patient Protection and Affordable Care Act of 2010 complete restructures private health insurance in the US. It dramatically increases both federal and state regulation of health insurance, and exposes the plans to new political and business risks. It also increases consumer protections and choices, and potentially reduces health plan profitability and sustainability. Finally, it will introduce new competitors in health insurance markest, and new competitive dynamics. Employers will face significant challenges both in how they structure benefits and whether to continue providing health insurance at all. And they will face both penalties if their employees fail to obtain coverage, and new paperwork requirements. Learn how health reform will affect employer benefits and the factors that will affect the future of health insurance.
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