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Today, the average life expectancy in the U.S. is 78 and 12 percent of U.S. population is older than 65. In this century, the rate of growth of the elderly population (persons 65 years old and over) has greatly exceeded the growth rate of the population of the country as a whole. The elderly increased by a factor of 11, from 3 million in 1900 to 33 million in 1994. In comparison, the total population, as well as the population under 65 years old, tripled. Under the Census Bureau's middle series projections, the number of persons 65 years old and over would more than double by the middle of the next century to 80 million. About 1 in 8 Americans were elderly in 1994, but about 1 in 5 would be elderly by the year 2030. The United States has a growing population of senior citizens; in fact, statistics show that by the year 2025, 20 percent of the population will be over the age of 65. This data definitely indicates even more challenges in the future.
What can health-care providers, insurers, and the governments do to meet this challenge?
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