Today, 1 in 8 Americans are aged 65 or older. By the year 2050, this age group is projected to more than double in size, from 40.3 million to 88.5 million. The increasing number of older adults combined with increasing rates of obesity, diabetes, and other chronic diseases are on track to overwhelm our health care system.
In no other aspect is this more true than the cost of health care. Adults aged 65 and older spend nearly twice as much as 45 to 64 year olds on health care each year. They spend 3 to 5 times more than all adults younger than 65.3. Click here to read the full report.
