The Aging Population and the Health Care Act - 796 Words

The Aging Population and the Health Care Act Introduction The Patient Protection and Affordable Healthcare Act (PPACA) is federal legislation designed to increase the rate of health insurance coverage and reduce the overall costs of healthcare. Along with the Health Care and Education Reconciliation Act it represents the most significant government expansion and regulatory overhaul of the U.S. Healthcare system since the passage of Medicare and Medicaid in 1965 (Vicni Stempel, 2012). The PPACA provides a number of avenues, including mandates, subsidies and tax credits to employers and individuals to increase the number of insured Americans. The legislation aims to improve healthcare outcomes and streamline delivery. The PPACA requires insurance companies to cover all applicants and offer the same rates regardless of pre-existing conditions. Discussion From 1946 to 1964 approximately 4 million people were born each year in the United States. This was the greatest surge in births of any period prior or since. In 2006 the first of these so called baby boomers turned 60 and began settling into early retirement. In 2011 the first of them turned 65, the traditional retirement age. This year another 4 million will join the ranks of the retired. Many feel the passage of the PPACA came just in the nick of time to save the ailing Medicare system that this growing senior population relies on. Medicares financial challenges would be far greater without the health care reformShow MoreRelatedEvolution of Programs and Services for Aging Populations Over the Last Fifty Years864 Words   |  4 PagesEvolution of Programs and Services for Aging Populations Over the Last Fifty Years The objective of this study is to examine the evolution of programs and services for aging population over the last fifty years. Toward this end, this brief study will conduct a review of literature that addresses these shifts and changes in policy. 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By 2050, it is anticipated that Americans aged 65 or older will number nearly 89 million people, or more than double the number of older adults in the United States in 2010 (The State of Aging and Health in America, 2013). Mirroring the aging of the U.S. population as a whole,Read MoreThe Canada s Aging Population1527 Words   |  7 PagesThe Canada’s aging population, those 55 years and older, stands at 30.8% of the Canada’s total. This segment of Canada’s population is growing due to demographic factors such as births and deaths rates, health and immigration, and will continue to grow for the next 50 years. Because of advances in medicine, health and nutrition, Canadians are living longer and are more active. Many of them too, have more disposable income than earlier generations of aged population. They see themselves as â€Å"alive