According to the report, the influx of baby boomers will reshape New Hampshire’s private insurance market, force a reassessment of the public long-term healthcare system, put increased pressure on the state’s healthcare providers and intensify existing problems in recruiting and retaining its healthcare workforce.
Because so much of the population will rely on Medicare, providers will look to increased premiums from private insurance to make up for the dwindling reimbursements, according to the report. Hospitals, consequently, will be seeing significantly more patients on the lower-paying Medicare than the higher-paying private insurance. Additionally, the report estimates New Hampshire’s Medicaid program, which already allocates 25 percent of its spending to people over 65, would devote more than 50 percent of its funds to baby boomers by 2030.
Overall, the report suggests that there is still time to address these healthcare issues, but elected officials and healthcare leaders will have to make shifts in public policy soon.
Related Articles on Baby Boomers:
Becker’s Hospital Review Annual CEO Strategy Roundtable: 9 Leaders Discuss the Changing Healthcare Environment
Dr. M. Ashraf Mansour: Age Not a Determining Factor for Vascular Surgeries
6 Thoughts on the Impact of the Baby Boomer Generation on Hospitals
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
