As the fee-for-service payment system for health care services in the United States continues to raise costs and decrease efficiency, analysts are looking towards the cost of patients of the future – namely, the aging Baby Boomer generation, nearly 30% of which is or will be affected by osteoarthritis, the most prevalent musculoskeletal disease.
By 2030, when the last of the Baby Boomers turns 65 years old, 20% of Americans will be eligible for Medicare. For taxpayers, this has far-reaching implications if the fee-for-service payment system is perpetuated. As digital health and bundled payments become the new norm, dollars spent on health care will decrease, countering what would otherwise be a massive increase in spending within the next fifteen years. Luckily, Boomers are more tech savvy than they are given credit for – In fact, older patients (those over 50) want digital healthcare services nearly as much as their younger counterparts. The question is, how can we take advantage of this generation’s ability to use technology to decrease health care spending?