Advancing into the Golden Years: Cost of Healthcare for Asia Pacific's Elderly
Aged care costs are set to spiral across the Asia Pacific region in the coming years, a report from the Marsh and McLennan Companies' Asia Pacific Research Center reveals.
Research by the Marsh & McLennan Companies' Asia Pacific Risk Center (APRC) examines the impact of societal ageing on elderly healthcare expenditure in Asia Pacific and the key risks for stakeholders in the health ecosystem.
Asia Pacific is the fastest ageing region in the world with the elderly population expected to grow by over 200 million between 2015 and 2030. The rapid demographic changes are accompanied by a host of financial and socio-economic risks affecting multiple stakeholders, these include: demographic risks, healthcare risks, corporate risks, macro and fiscal risks, pensions and social security risks, and labour market risks.
In the first of a series of research by APRC assessing the risks of societal aging, Advancing into the Golden Years examines the key drivers of elderly healthcare and the financial impact across Asia Pacific using a macro-level projection model. The report concludes with discussion of areas within the healthcare ecosystem that warrant urgent intervention, such as funding sources, infrastructure financing, and workforce development.