The healthcare industry has its problems. There is no doubt about it. Our healthcare system in the U.S. is always changing and there is no telling what it will look like 10 years from now. Will it be free for everyone? Will it be 3x more expensive than it is right now? We can speculate, but we can't know for sure. However, one thing we do know for sure is that the baby boomer generation is coming and they are going to shake things up for the entire healthcare industry.
Currently, The hospice system in the United States is primarily comprised of individuals aged 75 and older. IN fact, according to nhpco, in 2015, over 75% of hospice patients were 75 years or older. As of right now, the Silent Generation occupies this age group. But change is coming soon.
Baby Boomers vs. Silent Generation
For a little context, it might be helpful to know that the silent generation conceived the baby boomers. If you are a baby boomer, your parents most likely are from the silent generation. But for our purposes, the real difference we want to draw attention to is the size of these two generations.
Born between 1928 - 1946
Age: 72 - 90
Population: 28 Million
Born between 1946 - 1965
Age: 53 - 72
Population: 75 million