Whitman writes, "For Medicare, a program whose growth rates are projected at 7.1 percent over the coming decade, to become a $1.075 trillion program by 2026, the savings from improved home-based care could be significant. Of the $632 billion Medicare spent in 2015, 23 percent went to hospital inpatient services and a slim 3 percent went to home health."
Two-thirds of the nation's health-care spending goes for "treating older Americans with chronic conditions," Whitman writes. "Medicare insures 57 million people, most of whom are 65 years of age or above. Over the next quarter-century, the number of elderly is expected to reach roughly 72 million." (Read more)