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This paper examines how the growth of both life expectancy and the cost of medical care has resulted in a noticeable reduction of available Medicare funds for use in the near future. It looks at how this rapidly growing reduction of available Medicare funds has emerged as a significant concern for Medicare stakeholders such as the American Associationof Retire Persons (AARP), drug companies, insurance companies and healthcare providers alike. As a result, Medicare has often been a target for reformers in the past few years, as each of these stakeholders has a distinct role in the Medicare system from either a financial or funding standpoint.
From the Paper:"The AARP, formerly called the American Association of Retired Persons, is a U.S. based non-profit organization, with the mission of enhancing quality of life for people over age 50 by providing a wide range of unique benefits, special products, and services for members. The AARP operates as a non-profit advocate for its members, and sells life insurance, investment funds and other financial products. The organization claims over 35 million members and membership is expected to grow significantly as baby boomers age. The AARP plays a role in Medicare from a financial standpoint in that the organization offers products to its members. This is different from the past when social security and pension plans were devised at a time when relatively few people reached the age of sixty-five, and these plans covered their support. "
Sample of Sources Used:
- Administration on Aging. (2007). Aging into the 21st Century. Retrieved April 11, 2007, from http://www.aoa.gov/prof/statistics/future_growth/aging21/summary.asp.
- ASCP. (2005). Hospital Based Long-Term Facilities and Medicare Part D. Retrieved April 7, 2007, from http://www.ascp.com/medicarerx.
- National Center for Policy Analysis. (2004). Health Care: The Real Medicare Crisis Ahead. Retrieved April 5, 2007, from http://www.ncpa.org/prs/rel/2004/20040604bnr.htm.
- UNFPA. (1998). Rapid Growth of Older Population Calls for Thoughtful Planning. Retrieved April 10, 2007, from http://www.unfpa.org/swp/1998/newsfeature4.html.
- U.S. Department of Health and Human Services. (2006). Medicaid's Milestones. Retrieved April 11, 2007, from http://www.cms.hhs.gov/History/
Cite this Term Paper:
Medicare Stakeholders (2007, October 25) Retrieved January 26, 2020, from https://www.academon.com/term-paper/medicare-stakeholders-98950/
"Medicare Stakeholders" 25 October 2007. Web. 26 January. 2020. <https://www.academon.com/term-paper/medicare-stakeholders-98950/>