For the “sake
of old times”, a celebration of the passing of the year and what better time to
discuss our obsession with aging. We are
all headed there, and perhaps it is the inevitable looking forward that has
become an obsessions with some, and for those who are already enjoying
retirement and reaping the benefits that a lifetime of hard work has deservedly
earned, a pastime in improving conditions further seems a logical thing to do.
There is a
propagated myth of the grey tsunami and its catastrophic impact on society and
in particular the health care system. Dire
predictions of 100% growth in those over 75 and 85 seem to be equated with the suggestion
that governments will crumble under the financial burden. Yes, pension reform is needed from a strictly
actuarial perspective. As we age, we are
in far better health than those when the pension plans were established. We need to plan for not just 10 years of
retirement, but those that reach age 65 can now expect to live an additional 20
years – herein lies the tsunami.
However,
while the life expectancy at age 65 has increased, the time we can expect to
spend in poor health or dependent on the health care system has not doubled. Our years in poorer health cluster prior to
death, and as life expectancy increases the clustering merely starts later in
life, albeit some chronic illness erode at quality of life years such as
arthritis and diabetes – they are generally illnesses that have a high
contribution of personal cost rather than publicly funded costs.
The following graphics break out the growth in each of the sub-components of the health care system
showing that of the future expected health care costs, population aging forms
only about a 15% component of the expected growth. The first two graphics are from CIHI while the third from province of BC. The population ageing component being in light
blue in the third graphic and third from the bottom. While
CIHI has a similar graphic it was no longer accessible.
At one
recent meeting even a senior’s advocate after arguing the need to increase
benefits and access for seniors began to recognize that we have already eliminated
children’s benefits, made it hard for families to have children, and yet
sustainability of older persons benefits is dependent on population
growth. Hence the advocate’s realization
if we don’t regain optimized outcomes for children and families, the ultimate losers
will be the very seniors they were advocating for.
Hence the
op-ed from the Globe and Mail on Our
senior Moment that starts to speak to what is our real issues associated
with ageing is a fitting finale as the year closes to cries of “out with the
old, in with the new”.
Happy New Year to all, play safe and have a prosperous 2014
Happy New Year to all, play safe and have a prosperous 2014
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