Sandwich Generation to Bear the Brunt of Obamacare?
While most Americans wait to find out how Obamacare, deemed as constitutional by the Supreme Court last week, will pan out for their own health care situations, an Examiner report this week speculates that those who are most likely to bear the brunt of the legislation are the demographic who care for aging parents as well as adult children.
Medicare cuts could pose a conflict for those “middleagers,” the Examiners writes, as they choose between health care costs for themselves and their parents while weighing the option of a multigenerational household to help keep costs down.
The Examiner reports:
Cuts ranging from $50-60 billion in Medicare under the Obamacare plan could present a conflict for many middle aged parents between supporting the needs of their children or elderly loved ones.
Do they send grandma and grandpa to “End of Life” counseling or do they pay for the health care and medical costs that will be eliminated under Obama’s Medicare hatchet job in addition to being penalized to cover the costs of Obama’s ever expanding tax burden?
Canada is an example as retiring baby boomers are already being blamed for the rising cost of health care and other public services while at the same time they are paying less in taxes because of their reduced income. It appears that younger Canadians will be supporting the nation’s rapidly aging population and the same thing is happening in the United States.
According to an article in NPR the number of elderly Americans needing expensive care is going to surge as more Baby Boomers retire and begin to depend upon Medicare to meet their health needs. This is the age group born between 1946 and 1964 and many of them are expected to live to live 85 years or older. Today there are 6 million Americans in that age group….
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Written by Elizabeth Ecker