Asked by Local Sales on Jun 14, 2024

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Why will health care costs increase in the future?

A) Boomers may live longer but have more chronic conditions.
B) Medicaid will be less likely to pay for health care driving up costs.
C) Older people are less likely to vote or lobby the government to keep costs down.
D) Young people are less likely to want to help the old financially.

Health Care Costs

Health care costs refer to the expenses related to medical services, treatments, medications, and hospital care provided to individuals.

Chronic Conditions

Long-standing, persisting health issues that often require ongoing management or treatment.

Boomers

A term that refers to individuals born during the post-World War II baby boom between 1946 and 1964, known for experiencing significant economic prosperity.

  • Grasp the socio-economic factors affecting aging individuals, such as social security benefits and healthcare costs.
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JO
Johnpaul OkechukwuJun 17, 2024
Final Answer :
A
Explanation :
As the baby boomer generation ages, they are more prone to developing chronic conditions that require ongoing medical care, which will increase the demand for health care services and subsequently drive up costs.