Don't Waste Money on the Elderly?
The video below features Professor Stuart Altman of Brandeis University speaking before the Senate Finance Committee hearing on health-care reform. Courtesy of Hot Air. During the hearing, Brandeis says:
Remember, our population is aging. And with the very, very elderly, the costs go down, so that percentage should be falling, and it’s not. Second, the cost of care is growing by so much, so at the same percentage, it’s worth a lot more. So let’s go back to the issue of comparative effectiveness, which we’re supporting. That’s where that can have a big impact. It’s not only there, but that’s where the waste is. That’s where people are using technologies that really either don’t work at all or keep people alive for for very limited [time] and [at] very high cost.
Hospice is one option, but we do need take account of the cost — you know, I hate to say it, the cost-benefit of some of the things we do. And either we can do it directly, or we can do it by bundling the payments and let the delivery system deal with it. So it’s a combination of the delivery system dealing with it, or, and/or providing more information for people to make the right decisions, both for themselves and for the care.
This is a sentiment heard more and more these days - because the elderly are such a drain on society we should just come up with a way to better manage the growing elderly segment of society. I have blogged about this subject before here, noting the statements of Baroness Warnock in Britain who believes that people should soon be "licensed to put others down" if they are unable to look after themselves. Why should the government waste money on the elderly (or the terminally ill or senile) who won't live for very long anyway. Those resources could be better spent on other younger, more deserving people, right?
