If one were to ask the average American whether they would prefer to stay in a hospital or nursing home following a major medical emergency or surgery or if they would rather be home to recover, nearly every single one would choose their home environment. Aging in place is the preferred option for growing numbers of seniors, and while it is certainly more comfortable in many cases, it is often considered more affordable.
The baby boomer generation is retiring. This constitutes those born shortly after World War II and through the mid-1960s. As these Americans retire, they will face increasing health issues and, as a result, rising health care costs.
The increasing cost of health care in the United States is one of the primary fiscal concerns of average Americans. According to Yahoo! News in its article, Poll: Health-Care Costs Top List of Financial Issues for American Families, written by Mairead McArdle:
“The cost of health care has dominated the political debate intermittently in recent years as Congress struggled to pass an alternative to the Affordable Care Act. Democrats continue to support President Obama’s signature piece of legislation, while Republicans have tried and failed to repeal it whole, before deciding to chip away at parts of the law. In the 2018 midterm elections, health care was the number one issue motivating voters to hand Democrats control of the House.
“Even in generally good economic times, Americans still face significant personal financial challenges,” Gallup said in a statement accompanying the poll’s release.”
In the past, though, it was merely assumed that following major surgery, injuries sustained in an accident, or a major medical emergency, a person might have to spend several days or even weeks in the hospital and then a couple of weeks in a nursing home.
Today, because of these rising costs people looking to other options as a way to save money. As more Americans worry about their finances, with an increasing number are living paycheck to paycheck (78% of full-time working adults, in fact, according to CNBC), they are also concerned about the rising cost of health care.
With these concerns, home care is ideally positioned to offer a cost-effective solution for most Americans. This is a major reason more hospitals and doctors are turning to home care as a valuable resource and support for their patients. The more inherent value home care earns, the more integral it becomes in the entire national conversation about overall health care and its rising costs.