from Medical Economics
April 23, 2016
By Lisa Price, MD
The math is easy. The numbers of older adults in the United States continues to increase, while the number of physicians entering training programs for geriatric fellowships is decreasing. Our traditional reimbursement model, which values procedures and acute care over management of multiple chronic conditions, is a major contributor to the decrease in new geriatricians.
In the U.S., 10,000 people turn 65 years old every day. In just 14 years, approximately 20% of the population will be 65 years or older; that’s 72 million people in the U.S. alone. The amount of 65-84 years old will reach approximately 63 million. Growing older also means an opportunity to accumulate a greater number of comorbidities, ranging from chronic arthritis and heart failure, to debilitating dementias.