The skyrocketing per capita Medicare spending is accelerated by aging population, fraud, and healthcare cost. These progressively accumulate unfunded liabilities threatening the sustainability of Medicare programs.
The aging population is susceptible to chronic or acute illness making them to fall sick quite often making the elderly population to demand more medical services than the younger generation for example in 2002 Canada used approximately $8,208 per year per elderly persons and $1,428 per year per persons below the age of 65. As the medical costs increases with age, the cost of medical services given to the aged people ...
