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0:00
Healthcare Spending
in Aging Populations.
My name is Thomas Neusius.
I'm a professor at the
Wiesbaden Business School
in Germany, and at the same
time, I'm also an actuary,
and I will go with you
through this session.
0:17
The world is getting older.
As you can see in this picture,
median age which is the age
that divides a population
between the younger half
and the older half.
This age is rising in
all parts of the world.
The oldest region that can be
found in this picture
are Northern America,
Australia, and in
particular Europe.
But also for other
parts of the world,
we see that the median age
has increased for
several decades,
and this is true
even for Africa,
where the median age is now
about to reach a level of 20.
The United Nations also provides
a simulation study that
allows us to look at future
development of these numbers.
As you can see in
the simulation study
of the United Nations,
these median age values
will continue to increase
so that the population aging
is not a process that
will soon come to an end,
but it will continue in the
future throughout the world.
1:21
In this figure, seven countries
are displayed that
have gone through
several decades of
profound aging,
such that their populations
are already relatively old.
You see here, among others,
the country of Japan,
which is soon to cross the
line of a median age of 50,
which is among the oldest
populations in the world.
These seven countries
are just a sample
of those countries with
the oldest populations,
but typically, the oldest
populations are found
in the fully
industrialized countries
that have a high welfare level.
Even in those
countries that have
gone through several
decades of aging,
the future development will
indicate a rising median age.
As you can see here, the
process will at least continue
for the next 10-15
years, but will soon,
in some countries,
remain on a high level,
and this then forms
the plateau value
that is kept constant in
the future development.
