Medicare Paper

This essay has a total of 359 words and 3 pages.

Medicare Where we Stand? Personal Retirement Accounts: The
Opportunity to Choose and Control our Future: February 2001

working ratio 2:1 by 2030 Long Term Health Care
Are you likely to need long-term care?
This year about seven million men and women over the age of 65 will need long-term care.
By the year 2005, the number will increase to nine million. By the year 2020, 12 million
older Americans will need long-term care. Most will be cared for at home; family members
and friends are the sole caregivers for 70 percent of elderly people. But a study by the
U.S. Department of Health and Human Services indicates that people of age 65 face at least
a 40 percent lifetime risk of entering a nursing home. About 10 percent will stay there
five years or longer.

The American population is growing older, and the group over age 85 is now the
fastest-growing segment of the population. The odds of entering a nursing home, and
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