Most everyone has heard the phrase, “There’s no such thing as a free lunch,” a phrase referencing the fact that everything has a cost and if you’re not paying for it, someone else is. In the US today, the largest age group in our population is comprised of Baby Boomers (people born between 1946 & 1964) and that group is putting a significant strain on our healthcare system just because of the number of people and median age in this category.
That strain, in combination with the current economic climate and Medicare’s general lack of resources has produced a recipe for disaster. If the government wishes to provide healthcare to a growing number of people with increasingly limited resources, the government will have to cut back on healthcare costs elsewhere, which will likely compromise the quality of healthcare offered and/or the number of people subsidized healthcare is offered to. This post isn’t meant to be a sob story – there are a ton of technologies, both current and in-development, capable of picking up some of the slack. The real question is, are we willing to pay the price?