Tag Archives: Older Adults

Health And Aging: U.S. Will Need 33,000 Geriatricians By 2025, Only Has 7,000 Now

From a New York Times online article:

Journal of the American Geriatrics SocietyIf one geriatrician can care for 700 patients with complicated medical needs, as a federal model estimates, then the nation will need 33,200 such doctors in 2025. It has about 7,000, only half of them practicing full time. (They’re sometimes confused with gerontologists, who study aging, and may work with older adults, but are not health care providers.)

Geriatrics became a board-certified medical specialty only in 1988. An analysis published in 2018 showed that over 16 years, through academic year 2017-18, the number of graduate fellowship programs that train geriatricians, underwritten by Medicare, increased to 210 from 182. That represents virtually no growth when adjusted for the rising United States population.

“It’s basically stagnation,” said Aldis Petriceks, the study’s lead author, now a medical student at Harvard.

Read full article

Baby Boomer Economics: American 50+ Population Would Be World’s Third Largest Economy (AARP)

From an AARP.org online article:

AARP Real Possibilities logo“As the number of people over 50 grows, that age cohort is transforming markets and sparking new ideas, products and services across our economy,” AARP CEO Jo Ann Jenkins says. “And as people extend their work lives, they are fueling economic growth past the traditional retirement age.

AARP People 50+ are a growing economic engine that benefits society now and in the future December 20 2019

Americans age 50 and up contribute so much to the U.S. economy that they’d constitute the world’s third-largest economy if they were counted as their own country, a major new AARP study finds.

The economic contributions of 50-plus Americans totaled $8.3 trillion last year, which puts them just behind the U.S. and China when measured by gross domestic product.

And that economic impact will grow significantly in decades to come, tripling to more than $28 trillion by 2050 as millennials and Generation Z begin to turn 50 in 2031 and 2047, respectively, the report finds.

To read more: https://www.aarp.org/politics-society/advocacy/info-2019/older-americans-economic-impact-growth.html?cmp=EMC-DSO-NLC-RSS—CTRL-122019-P1-4245164&ET_CID=4245164&ET_RID=46870725&encparam=tVgeMOhoNxx%2bfrc9AGTzSoruA9hrsex1YvrQ7Ez59ks%3d

Housing Market: Seniors’ Home Equity Rises $24 Billion In 3rd Quarter 2019 To All-Time High

From a NRMLA online news release:

NRMLA logo“Research suggests that as we age, Americans will spend more of our hard-earned retirement assets on health care, such as insurance, prescription drugs, in-home care and other services that help us remain independent,” says NRMLA’s President Steve Irwin. “A retirement plan that includes the responsible use of home equity may be the best option that can help ensure healthcare spending doesn’t become a financial burden for many retired couples.”

(December 17, 2019) – Homeowners 62 and older saw their housing wealth grow by 0.3 percent or $24 billion in the third quarter to a record $7.19 trillion from Q2 2019, the National Reverse Mortgage Lenders Association reported today in its quarterly release of the NRMLA/RiskSpan Reverse Mortgage Market Index.

nrmla_senior_home_equity.jpg

The RMMI rose in Q3 2019 to 259.19, another all-time high since the index was first published in 2000. The increase in senior homeowners’ wealth was mainly driven by an estimated 0.5 percent or $40.7 billion increase in senior home values, offset by a one percent or $16.5 billion increase of senior-held mortgage debt.

To read more: https://www.nrmlaonline.org/about/press-releases/senior-housing-wealth-reaches-record-7-19-trillion

Studies: “Home Hospital” Model Of Care Reduces Costs By 38%, Improves Recovery (Harvard)

From a Harvard Gazette online article:

“This work cements the idea that, for the right patients, we can deliver hospital-level care outside of the four walls of the traditional hospital, and provides more of the data we need to make home hospital care the standard of care in our country,” said corresponding author David Levine, a physician and researcher in the Division of General Internal Medicine and Primary Care.

“It opens up so many exciting possibilities — it’s exciting for patients because it gives them the opportunity to be in a familiar setting, and it’s exciting for clinicians because we get to be with a patient in that person’s own surroundings. As a community-minded hospital, this is a way for us to bring excellent care to our community.”

The home hospital model of care — in which select patients receive hospital-level care for an acute illness from the comfort of their own home instead of in a traditional hospital — has become increasingly popular across the U.S.

To read more: https://news.harvard.edu/gazette/story/2019/12/home-hospital-model-reduces-costs-by-38-improves-care/

Crime: “Social Security Administration Scams” Are #1 Fraud Reported To FTC

From an FTC online release:

FTC LogoThe Social Security Administration (SSA) scam is the number one scam reported to the FTC right now.

As soon as a caller threatens you, or demands you pay them with a gift card or by wiring money.  It’s a scam. Even if the caller ID tells you otherwise.

If you get a call from someone claiming to be from the Social Security Administration, hang up the phone and remember:

  • Your Social Security number is not about to be suspended.
  • The real Social Security Administration will never call to threaten your benefits.
  • The real SSA will never tell you to wire money, send cash, or put money on a gift card.

 

To read more: https://www.consumer.ftc.gov/blog/2019/12/getting-bombarded-scam-calls-youre-not-alone?utm_source=govdelivery

Health Studies: Aspirin Use 3+ Times Per Week Reduces “All-Cause” Cancers In Older Adults (JAMA)

From a JAMA Open Network online release:

JAMAThis cohort study included 146 152 individuals from the Prostate, Lung, Colorectal, and Ovarian Cancer Screening Trial and found that aspirin use 3 or more times per week was associated with reduced risk of all-cause, cancer, gastrointestinal cancer, and colorectal cancer mortality.

Importance  Aspirin use has been associated with reduced risk of cancer mortality, particularly of the colorectum. However, aspirin efficacy may be influenced by biological characteristics, such as obesity and age. With the increasing prevalence of obesity and conflicting data regarding the effect of aspirin in older adults, understanding the potential association of aspirin use with cancer mortality according to body mass index (BMI) and age is imperative.

Objectives  To investigate the association of aspirin use with risk of all-cause, any cancer, gastrointestinal (GI) cancer, and colorectal cancer (CRC) mortality among older adults and to perform an exploratory analysis of the association of aspirin use with mortality stratified by BMI.

Design, Setting, Participants  This cohort study evaluated aspirin use among participants aged 65 years and older in the Prostate, Lung, Colorectal, and Ovarian (PLCO) Cancer Screening Trial at baseline (November 8, 1993, to July 2, 2001) and follow-up (2006-2008). Analysis began in late 2018 and was completed in September 2019.

To read more: https://jamanetwork.com/journals/jamanetworkopen/fullarticle/2756258

Healthy Aging: “Happiness Across The Life Span” By Susan Bell (USC Dornsife)

From a USC Dornsife Magazine article by Susan Bell:

Not a Slippery Slope after all

Happiness Across The Life Span Illustrations Nicole Xu for USC Dornsife MagazineContrary to popular opinion, when it comes to well-being, our lives do not represent an inevitable decline from the sunny uplands of youth to the valley of death. Instead, the opposite is true — we can confidently look forward to old age as the happiest time of our lives.

More than 50 years have passed since The Who’s Pete Townshend penned these immortal lines on his 20th birthday, resulting in the band’s iconic ode to rebellious youth, “My Generation.” These days there is no hint that the rock star, now a spritely septuagenarian, is entertaining any regrets that his youthful wish didn’t come true.

USC Dornsife Magazine Fall 2019So why do people grow happier as they age? Is it an absence of stress, or are they able to focus more on what brings them joy?

But as a young man, Townshend certainly wasn’t alone in dreading old age, and while his suggested remedy for avoiding the unavoidable may have been extreme, he also wasn’t alone in wanting to dodge what we tend to believe will be the miseries of aging.

To read more: https://dornsife.usc.edu/news/stories/3117/happiness-across-the-life-span-not-a-slippery-slope-after-all/

Healthcare For Seniors: Best Buy To Increase “Digital Health” Service And Insurers Will Pay

From a Becker’s Hospital Review online release:

Best Buy Assured Living“Today, most of the seniors we serve are utilizing easy-to-use mobile phone products and connected devices that are tailored for seniors and come with a range of relevant services,” Best Buy CEO Corie Barry said during an earnings call Nov. 26, according to a transcript from Seeking Alpha

“We also expect to advance our commercial business where the services we provide for seniors are paid for by insurance providers. This includes services such as remote monitoring based solutions that provide meaningful insights to improve timely care and reduce the cost to serve frail seniors,” she said.

Best Buy is known as the largest specialty electronics retailer in the U.S., and a key part of its growth strategy is centered on digital health initiatives.

In the past year, Best Buy has spent roughly $1 billion on acquisitions to expand its healthcare services, according to Forbes. The company’s expansion into healthcare has helped it overcome broader declines in consumer electronic sales, according to Bloomberg.

To read more: https://www.beckershospitalreview.com/strategy/best-buy-s-healthcare-strategy-get-insurers-to-pay.html?oly_enc_id=9129H5611090H0N

Boomers’ Retirement: Find Purpose, Give Back To Your Community And Adapt Slowly (Barron’s)

From a Barron’s online article:

ON-DI669_201912_NS_20191127154025Retirements must evolve because everything won’t work out as planned, says Carolyn Taylor, president of Weatherly Asset Management, an investment-management firm in Del Mar, Calif. One of her clients, who worked in the biotech industry and had a very busy family life, trained before retirement to become a master gardener. As she trained, she found that she enjoyed teaching others and finally became a teacher of gardening, Taylor says.

Retirees who feel they have no purpose are more likely to find themselves at a loss or feeling depressed, says Black. Taking on part-time work, going back to school, volunteering, or participating in philanthropic endeavors can make retirees feel that they’re still making an important contribution.

Bringing the enjoyable aspects of your work into your retirement life can be helpful, says Black. “Maybe you enjoy mentoring young people; perhaps you can find a way to continue doing that into retirement,” she says.

To read more: https://www.barrons.com/articles/retirement-can-be-a-tough-psychological-adjustment-here-are-some-ways-to-adapt-51574941500?mod=hp_minor_pos16

Healthcare: Geriatric Assessment Helps Select Proper Treatments For Cancer In Elderly Patients

From an NPR online article:

NPR Health NewsMore than 60% of cancers in the U.S. occur in people older than 65. As the population grows older, so will the rate of cancer among seniors. The cancer incidence in the elderly is expected to rise 67% from 2010 to 2030, according to a 2017 study in the Journal of Clinical Oncology. Yet many oncologists don’t have geriatric training.

“When the doctor saw how physically active and mentally sharp my father was at 89 years of age, but that he had several chronic, serious medical problems, including end stage kidney disease, she didn’t advise him to have aggressive treatment like the first time around,” says Griggs, who lives in Rochester, N.Y.

Geriatric assessment is an approach that clinicians use to evaluate their elderly patients’ overall health status and to help them choose treatment appropriate to their age and condition. The assessment includes questionnaires and tests to gauge the patients’ physical, mental and functional capacity, taking into account their social lives, daily activities and goals.

To read more: https://www.npr.org/sections/health-shots/2019/11/23/714300273/a-cancer-care-approach-tailored-to-the-elderly-may-give-better-results?utm_source=npr_newsletter&utm_medium=email&utm_content=20191124&utm_term=4246040&utm_campaign=health&utm_id=46633831&orgid=