Medicare and Medicaid Spending Continue to Surge/Oldest Baby Boomers Hit 65+ Years of Age, Business and Industry Trends Analysis

The term “Baby Boomer” generally refers to people born from 1946 to 1964.  The phrase evolved to include the children of soldiers and war industry workers who were involved in World War II.  When those veterans and workers returned to civilian life, they started or added to families in large numbers.  As a result, the Baby Boom generation, at one time as large as 78 million, is one of the largest demographic segments in U.S. history. Medicare:  Today, roughly millions of Americans reach traditional retirement age (65) yearly, which is also the age that Medicare coverage kicks in for a…

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