Business Methods

Business Research Methods, Part I Medicare is health insurance serving people ages 65 or anileisher, ages under 65 with genuine disabilities, and any age with End-Stage Renal Disease (ESRD) or unceasing kidney failure requiring dialysis or kidney transplant (Medicare, 2011). According to the US census Bureau 65 geezerhood old and 85 years old cosmos will increase significantly in 2030 and 2050 respectively. The over 65 group will be twice as large. It will grow from 35 million, 12 part of the US in 2000, to 71.5 million, and 20 percent of the total US commonwealth in 2030. The US enumerate Bureau projects that the population age 85 will grow from 5.3 million in 2006 to nearly 21 million by 2050 (Recht, 2009). In 2010 the U.S. Census Bureau storeyed an estimated population of 39 million for ages 65 and over (U.S. Census Bureau, 2012). Problem Statement The projected increase in the 65 years old and 85 years old population will have significant impact on Medicare. Will Medicare has enough resources or sufficient bread and butter to overcome the increase in the 65 years old population in 2030? Will Medicare has enough resources or sufficient funding to cover the increase in the 85 years old population in 2050?

Research Questions Will the Medicare system be able to provide adequate funding to cover both(prenominal) age groups through 2050 and beyond? According to the 2011 Medicare trustee report (CMS.gov, 2011), Medicare has a higher rate of income than expenditures through 2020 under present-day(prenominal) law; however, after 2020 a projected deficit in the Medicare systems presents government officials with some challenges to keep the system functional. The primary solid ground for Medicares lack of revenues and resources after 2020 comes from inflation rate medical exam costs and the increasing number of Medicare enrollees because of longevity. Medicares dilemma is how to rule out expenditures exceeding income and the following questions need be asked to fulfill the objectives of... If you require to get a full essay, order it on our website: Orderessay

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