With more than 10,000 baby boomers retiring every single day health care costs will continue to escalate as baby boomers turn to Medicare as their primary source of health care.
According to the Social Security Administration the number of people receiving Social Security this month is around 61,572, this does not include the disabled, aged 65 or older and other beneficiaries in the system. Right now there are over 45 million senior citizens add that to the number of baby boomers coming into retirement and the number of people who qualify for Social Security benefits are alarming.
If we simply limited the amount of money available to Medicare as suggested by some government leaders the financial squeeze would give providers and patients strong incentive to adopt and use medical technologies efficiently, however applying such a limitation to the Medicare program alone will only shift costs to the private sector, so while relieving Medicare costs and reducing certain technologies it does not quite fix the rising costs of the health care or the Medicare problems as a whole.
Another reason health care costs stay high due to technology is the way we pay for healthcare services; we have in our mindsets that more is better and newer is even better than that; public demand for sophisticated technologies and the desire of physicians to do as much for their patients as possible leads to competition among hostilities and physicians which can be a good thing due to the fact that it keeps the system of health care on the leading edge of technology, however is more and newer really better? Doctors use quality and prestige to attract patients and the government feeds this frenzy by approving devices before the actually know if they perform any better than the original version.
Experts agree that more studies need to done for an accurate account as to the pros and cons of mobile monitoring versus the patient’s health ; however when patients were asked if they would prefer in home visits to mobile monitoring 75 percent of those patients would choose in-home visits if the cost of health care didn’t have to be a consideration.
Many patients find the pros of mobile monitoring to be less of an invasion of privacy then having a nurse come to their home; patients maintain optimal levels of independence in the comfort of their own home. When 75 percent of the patients said they would choose in-home care many of the responses were “enjoyed having someone to visit with”, says Carol from Florida. “I like knowing right then and there how my health is doing”, says Ron of California. “My nurse not only helps me with my medical but also gives me assistance with some of my household tasks- something that I couldn’t reach on a high shelf for example, it’s the little things that make a difference for me”, says Clara of Texas
Not all hope is gone, the United States spends more on health care than any other developed country – Medicare is the single largest payer within this system. Medicare provides a much needed health service to senior citizens and certain individuals with disabilities; However with the rise in health care costs there is still the need to reform health care so that our seniors can continue to receive the help they need.
Retirement is just around the corner, everyone should have a strategy; with Social Service Coordinators, the leading health care advocates in the nation. They will provide you an excellent network of quality health care professionals for planning your healthy future.