For years experts have warned that healthcare costs are likely to explode as the baby boom generation reaches retirement age. A new government report on aging by the Census Bureau predicts that things may not be quite as bad as some people had feared. The report argues that lifestyle changes have left baby boomers much less likely to suffer disabilities than earlier generations. As a result, health expectancy is expected to increase significantly. That, it is felt, may mean that health costs will not grow at quite the rate pessimists had anticipated.
- see this article from The New York Times