{"id":554,"date":"2022-05-20T12:44:06","date_gmt":"2022-05-20T12:44:06","guid":{"rendered":"https:\/\/steinkrug.com\/magazine\/?p=554"},"modified":"2022-07-04T15:00:48","modified_gmt":"2022-07-04T15:00:48","slug":"healthcare-for-an-aging-population","status":"publish","type":"post","link":"https:\/\/steinkrug.co.uk\/magazine\/2022\/05\/20\/healthcare-for-an-aging-population\/","title":{"rendered":"Healthcare for an Ageing Population"},"content":{"rendered":"\n

Fifty years ago a man considered himself lucky if he saw his seventieth birthday. In those days working out how to fund healthcare was a relatively straight forward, back of the envelope, calculation. Starting work after leaving school and stopping work at 65 a person accumulated approximately 49 year\u2019s of National Insurance (NI) contributions. This paid for their healthcare up to the age of sixteen and a pension when they retired. It also covered any healthcare they required between the day they started work and the day they died. Anything left over provided a pension, and healthcare, for the person\u2019s wife \u2013 who, on average, lived five years longer than her husband.<\/p>\n\n\n\n

The books balanced because people who suffered prolonged bouts of illness during their working lives \u2013 and claimed on the National Insurance scheme – usually died before well before their seventieth birthday.<\/p>\n\n\n\n

Fit \u2013 but not for work<\/strong><\/p>\n\n\n\n

The world has changed significantly in fifty years. More people go on to further education and start work in their late teens or early twenties. Working lives are shorter with some people retiring as early as 55. Improved working conditions, diets, rising standards of living – and early retirement itself – have pushed men\u2019s life expectancy up to 75 and women\u2019s up to 85.<\/p>\n\n\n\n

It should have been obvious that 35 years of NI contributions would not cover the cost of a lifetime\u2019s healthcare and provide a pension to cover 20 years of retirement. The ensuing crisis was masked by economic growth, increasing number of women joining the workforce and, more recently, a stock market boom that inflated pension funds. A slide in the value of stocks and shares during 2001 and 2002 has focussed attention on a problem that has been growing steadily more acute for two decades \u2013 namely who will pay for pensioner\u2019s long-term care?<\/p>\n\n\n\n

\"\" Read full report<\/a><\/p>\n

<\/div>","protected":false},"excerpt":{"rendered":"

Before every one gets too excited and, on the assumption that the NHS will be forced to spend its way out of trouble, invests in any IT company with more then a toe in the healthcare market it is worth taking a closer look at the healthcare needs of the elderly. […]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":557,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_editorskit_title_hidden":false,"_editorskit_reading_time":1,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[11],"tags":[],"class_list":{"0":"post-554","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-wireless-healthcare-reports"},"_links":{"self":[{"href":"https:\/\/steinkrug.co.uk\/magazine\/wp-json\/wp\/v2\/posts\/554","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/steinkrug.co.uk\/magazine\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/steinkrug.co.uk\/magazine\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/steinkrug.co.uk\/magazine\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/steinkrug.co.uk\/magazine\/wp-json\/wp\/v2\/comments?post=554"}],"version-history":[{"count":4,"href":"https:\/\/steinkrug.co.uk\/magazine\/wp-json\/wp\/v2\/posts\/554\/revisions"}],"predecessor-version":[{"id":1386,"href":"https:\/\/steinkrug.co.uk\/magazine\/wp-json\/wp\/v2\/posts\/554\/revisions\/1386"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/steinkrug.co.uk\/magazine\/wp-json\/wp\/v2\/media\/557"}],"wp:attachment":[{"href":"https:\/\/steinkrug.co.uk\/magazine\/wp-json\/wp\/v2\/media?parent=554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/steinkrug.co.uk\/magazine\/wp-json\/wp\/v2\/categories?post=554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/steinkrug.co.uk\/magazine\/wp-json\/wp\/v2\/tags?post=554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}