The UK’s ageing population is responsible for unsustainable costs in health and social care 0
Table of Contents Introduction...................................................................................................................2 The UK’s ageing population is responsible for unsustainable costs in health and social care.....................................................................................................................2 Conclusion....................................................................................................................7 References...................................................................................................................8 1
Introduction PopulationageingimpliesachangeinthedemographicsectorwithintheUK population, which reflects the increasing number of older adults. This means that due to the low birth rate, only few young individuals are able to join the UK population. Loweringdeathlevels,especiallyamongstthoseabovetheageof65,are contributing to a growthof older individuals (Kingstonet al.2018). Increase in ageing population is mainly because of advanced medical treatments that aims to cure older people quickly, along with remedies to treat diseases. The following essay will give insightsonunderstandinghowtheageingpopulationofUKisresponsiblefor increasing unsustainable healthcare and social care costs. The essay will further argue whether the rising expenses of ageing is a public concern and if it is ethically right to fund the ageing population. Further, the following essay will also speak about the societal benefits of the ageing population and the advantages of giving and embracing a new life path. The UK’s ageing population is responsible for unsustainable costs in health and social care According to the UK health data, the number of people aged 60 and above is expandingatarateof1.9percentannually,thatis60percenthigherwhen compared with theglobal community.According to the report, the ageing generation will keep driving national health expenditure. Within 2027, thenational health care costs will rise to 19.4% of GDP, or $6 trillion (Ferguson and Belloni 2021). According to reports, around two-fifth of the total spending from national health funds are spend for people over 65 years of age. As per the Treasury analysis, the cost of healthcare treatments for an 85 years man is seven times more than the cost for a 30 years individual.Thisimpliesagedindividualcostaround$7000annually.Experts anticipated that by the end of2050, there will approximately four individuals aged 15 to 65 on the planet. These developments would exert a significant impact and rising healthcare and social costs upon the United Kingdom. Moreover, from the time period from 2014 to 2039, adults over 60 years willaccount for more than 70 percent ofthetotalUKdemographic,risingfrom14.9almost21.9millionindividuals (ageuk.org 2021). 2
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