In addition to caring for
the elderly, more than one-fifth of all affluent investors provide financial assistance to an adult child.
But, in looking back at the past, those whose passion is caring for
our elderly and chronically ill can take heart in just how far we have come.
As more and more boomers find themselves caring for
their aging parents, they often become more aware of the emotional, physical and financial issues that result when a loved one becomes ill and needs help with day-to-day activities.
And so we have hospitals filled to capacity in every city, caring for
patients in a slow and inefficient fashion.
One may even make the case that caring for
a patient in assisted living facilities is less costly than caring for
a patient at home.
Never before had a property been introduced for children that was specifically designed to help teach them the importance of caring for
others and sharing ones special feelings.
Managing the health of an enrolled population within a budget is quite different than managing an organization or caring for
a patient in the open-ended, cost-plus, fee-for-service environment that prevailed following World War II.