Recent Baby Boomer Stats are in, and I can’t help but ask myself…what does the baby boomer generation mean for the future of Healthcare?
Below are some stats that may make you take a second look at how the baby boomer generation could define healthcare needs in the next 5 to 20 years.
A Baby Boomer is defined as someone born between 1946 and 1964.
Every day 11,000 Boomers turn 50…that’s one boomer every 8 seconds
- In 2000, there were 78 Million boomers between the ages of 36-54
- In 2010, there were 75 million boomers between the ages of 46-64
The first of the Boomers began reaching retirement age (65) in 2010, yet many are still working at the ages of 67, 68, and even 69!
- In 2020, it’s estimated that 70 million boomers will be between the ages of 56-74
- In 2030, it’s further estimated there will be 58 million boomers between the ages of 66-84
So what does this mean for healthcare?
It means that more aging baby boomers, will be managing more chronic conditions and utilizing more outpatient healthcare services, than ever before!
Now, shut your eyes and take a peak at healthcare in 2030:
- Over 65% of the population will be entering retirement or will have already retired
- 6 out of every 10 Boomer will be managing more than 1 chronic condition
- 1 out of every 3 Boomer (an estimated 21 million people) will be considered obese
- 1 of every 4 Boomer (approximately 14 million people) will be living with diabetes
- Nearly 1 out of every 2 Boomers (26 million people) will be living with arthritis
With obesity, diabetes, and arthritis being so prevalent within the boomer generation, it is estimated that 8 times more knee replacements will be performed, than performed today.
It’s clear, that meeting these future health care challenges will require; more resources, new approaches to care delivery, and the opportunity to take a more proactive approach to hire for future growth!