What are younger people willing to support financially

Assignment Help Microeconomics
Reference no: EM131561729

Assignment

What are we going to do with all the old people?

Actions for What are we going to do with all the old people?

Over the next two decades, 78 million Americans will grow old. That's the largest number ever in the US.

At present, there are around 16,000 nursing homes with 1.7 million beds and about a 15 percent vacancy rate. (See: CDC - Resources on Nursing Home Care).

Clearly, unless the nation undertook a massive building program, there will be many, many more old people than the number of available number of LTC beds.

So what are we going to do with all the geezers like me?

Are LTC beds the only place to put us? Are there other alternatives that are more cost-efficient? Given issues of quality -- either perceived or actual -- in many LTCs, do we really even want to keep traditional nursing homes as an option? What might old people really want? What are younger people willing to support financially? What role might pharmaceutical products have in managing age-related issues? What would be the best way for people to age out into death?

What role does culture play in this discussion? How do other nations address this issue?

As we think about answers to those questions, there is another level of analysis that looks at the ethics of old age. For example, do you think that everyone has the right to use all the Medicare services they want - regardless of the decisions made about their health when they were younger? In other words, should all old people share an equal right to Federally supported healthcare even if they did not share the same level of responsibility in their earlier choices regarding food, exercise, drugs, and alcohol?

A second question to consider is whether or not the Government should have any voice in restricting one's personal choices about dying. Should everyone have the right to die when they want to, regardless of the situation or reasons? Who and how should an end-of-life decision be made when the person is not in possession of their full faculties?

Reference no: EM131561729

Questions Cloud

What role do long-short positions play in that speculation : use foreign currency futures to speculate on the exchange rate movements and what role do long and short positions play in that speculation?
What are the benefits and drawbacks of this economic system : Considering types of economic systems; traditional, command, market and mixed, which type is socialism? What are benefits and drawbacks of this economic system?
What is the total lsl provision : On the 1st of July 2010, Swordsy's Caravan Park has 12 employees working for them. What is the total LSL provision as at 30 June 2013? Please show all workings
Find pseudo-american option value : The risk-free interest rate is 0.8% per month, and the stock’s volatility (standard deviation) = 16% per month. Find the pseudo-American option value.
What are younger people willing to support financially : What are younger people willing to support financially? What role might pharmaceutical products have in managing age-related issues?
An islamic empire that once spanned much of the middle east : In review of current Mideast conflict: On June 29, the Islamic State in Iraq and the Levant announced that it was changing its name to simply the Islamic State.
The historical development of communication technologies : Discuss the historical development of communication technologies and explain any pros and/or cons of these technological advances.
What would be the outcome : According to the Coase Theorem, if property rights are clearly defined and transaction costs are negligible, what would be the outcome?
Analyze the key roles of actors in the us adversary system : Distinguish the role of each actor in the adversarial systems, and determine whether or not each actor brings a bias to the prosecution of a case.

Reviews

Write a Review

Microeconomics Questions & Answers

  Discuss the motivation of policymakers

1.Government policymakers may be elected politicians or appointed experts. Describe some of the specific decisions made by policymakers that affect you personally 2. Discuss the motivation of policymakers. Are they held accountable by voters

  Growth influence the level of gdp per person

How does the rate of population growth influence the level of GDP per person?

  Healthy-unhealthy food affect marginal utility per dollar

Normal 0 false false false EN-US X-NONE X-NONE How does the introduction o..

  Calculate belinda accounting profit after one year

PACC6007: ECONOMICS MICROECONOMICS ASSIGNMENT. Assume that Belinda is currently computer consultant earning $100, 000 per annum. She is considering opening her own hot bread shop. Calculate Belinda's accounting profit after one year

  Manufacturing technology that reduces the cost of producing

If there is a new breakthrough in manufacturing technology that reduces the cost of producing DVD players by half, what will happen the following Four parts of supply and demand: (1) supply of DVD players, (2) demand for DVD players, (3) price and sa..

  Will salesman give high or low effort under given contract

What, from your point of view, is the optimal contract to offer him? Will salesman give high or low effort under this contract? What will be your profits?

  Which activity does alice have a comparative advantage

Alice and Bob are trapped on an otherwise uninhabited tropical island. They survive by picking coconuts and catching fish. Each works 10 hours per day. If each devotes 5 hours per day to each activity, this table describes how much of each goo..

  Contract curve -draw an edgeworth box and identify and label

Set of individually rational allocations at the given endowment - Contract curve -Draw an edgeworth box and identify and label

  If firm consolidates production at the single location

framjam sports equipment produces basketballs at its factory in kentucky and soccer balls at its factory in illinois.

  Plot the demand curve for the firm

Compute the elasticities for each independent variable and Plot the demand curve for the firm.

  Describe the different types of union arrangements

Describing Use a graphic organizer like the one below to describe the different types of union arrangements.

  What provisions discuss their policy regarding the sale

What provisions discuss their policy regarding the sale of items that have been banned or recalled by a government agency? What other types of items are identified as illegal to sell?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd