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MIS Assignment

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Taylor Peluso

The document analyzes whether the increase in government spending on Medicare as the Baby Boomer generation retires is raising healthcare premiums for other groups. Data shows that the Medicare recipient population and government spending on Medicare are increasing. Analysis of expenditure data by state and healthcare category from 2006-2009 reveals that Medicare spending is growing faster than other healthcare spending. This suggests that the increase in Medicare spending is contributing to rising health insurance premiums for those under 65.

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By: Sreyas Kulakarni, Connor McLarney, Artur Muzyka, Taylor Peluso and Vasil Vasilev As the Baby Boomer generation continues to retire, is the increase in government spending on Medicare raising health care premiums for everyone else? Baby Boomers and Healthcare
Describe the Scenario What question do you want to answer and why is it important? US healthcare is world-class, but expensive for what it is. With an increased aging population, the balance between elderly consuming care and working- age taxpayers funding it is worsening. Medicare functions as a redistributor between the two. So, the trajectory is troubling.
Describe the Data Key elements? ● Medicare recipients population is increasing as more baby boomers retire. ● Government spending on Medicare is increasing. ● Increase in premiums on other health insurances.
Describe Analysis and Results Excel Chart: - Shows the increase in the population of people 65 and over. - There is an increase in each state Expenditure Chart: - Shows each health care category and the amount at which the government spends in each. - There is an increase in every category from 2006 to 2009.
Describe Analysis and Results Percent Difference Chart: - Percent Difference between expenditures from 2006 to 2009 - Shows that Medicare expenditure is growing at a faster rate than other health care expenditure. State Example: - All our data showed the same trend for every state - California has the largest population of people receiving Medicare - All Premiums are rising except for Medicare, which is actually decreasing
Describe Conclusions ◉ Medicare expenditures are increasing ◉ Percent difference chart included every state ◉ Health Care premiums for individuals under 65 are rising ◉ Expenditure chart showed an increase in every category ◉ In Conclusion, Yes
References Kaiser Family Foundation. (2006)(2009). Health Care Expenditures by State of Residence (in millions) [Data Set]. Retrieved from http://www.kff.org/ Kaiser Family Foundation. (2013)(2015). Average Single Premium per Enrolled Employee For Employer-Based Health Insurance [Data Set]. Retrieved from http://www.kff.org/ Kaiser Family Foundation. (2013)(2015). Average Employee-Plus-One Premium per Enrolled Employee for Employer-Based Health Insurance [Data Set]. Retrieved from http://www.kff.org/ Kaiser Family Foundation. (2013)(2015). Average Family Premium per Enrolled Employee For Employer-Based Health Insurance [Data Set]. Retrieved from http://www.kff.org/ Kaiser Family Foundation. (2011)(2013). Average Monthly Premiums Per Person in the Individual Market [Data Set]. Retrieved from http://www.kff.org/ Kaiser Family Foundation. (2011)(2015). Total Number of Medicare Beneficiaries [Data Set]. Retrieved from http://www.kff.org/ Kaiser Family Foundation. (2006)(2009). Total Medicare Spending by State (in millions)[Data Set]. Retrieved from http://www.kff.org/ Kaiser Family Foundation. (2013)(2015). Medicare Advantage: Local Benchmarks (unweighted)[Data Set]. Retrieved from http://www.kff.org/ Owen, S. (2017). What are some reasons why Medicare is bad for America?. Quora. Retrieved 24 April 2017, from https://www.quora.com/What-are-some-reasons-why-Medicare-is-bad-for-America United States Census Bureau. (2010). Profile of General Population and Housing Characteristics: 2010 [Data Science]. Retrieved from https://factfinder.census.gov/faces/nav/jsf/pages/download_center.xhtml#none

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MIS Assignment

  • 1. By: Sreyas Kulakarni, Connor McLarney, Artur Muzyka, Taylor Peluso and Vasil Vasilev As the Baby Boomer generation continues to retire, is the increase in government spending on Medicare raising health care premiums for everyone else? Baby Boomers and Healthcare
  • 2. Describe the Scenario What question do you want to answer and why is it important? US healthcare is world-class, but expensive for what it is. With an increased aging population, the balance between elderly consuming care and working- age taxpayers funding it is worsening. Medicare functions as a redistributor between the two. So, the trajectory is troubling.
  • 3. Describe the Data Key elements? ● Medicare recipients population is increasing as more baby boomers retire. ● Government spending on Medicare is increasing. ● Increase in premiums on other health insurances.
  • 4. Describe Analysis and Results Excel Chart: - Shows the increase in the population of people 65 and over. - There is an increase in each state Expenditure Chart: - Shows each health care category and the amount at which the government spends in each. - There is an increase in every category from 2006 to 2009.
  • 5. Describe Analysis and Results Percent Difference Chart: - Percent Difference between expenditures from 2006 to 2009 - Shows that Medicare expenditure is growing at a faster rate than other health care expenditure. State Example: - All our data showed the same trend for every state - California has the largest population of people receiving Medicare - All Premiums are rising except for Medicare, which is actually decreasing
  • 6. Describe Conclusions ◉ Medicare expenditures are increasing ◉ Percent difference chart included every state ◉ Health Care premiums for individuals under 65 are rising ◉ Expenditure chart showed an increase in every category ◉ In Conclusion, Yes
  • 7. References Kaiser Family Foundation. (2006)(2009). Health Care Expenditures by State of Residence (in millions) [Data Set]. Retrieved from http://www.kff.org/ Kaiser Family Foundation. (2013)(2015). Average Single Premium per Enrolled Employee For Employer-Based Health Insurance [Data Set]. Retrieved from http://www.kff.org/ Kaiser Family Foundation. (2013)(2015). Average Employee-Plus-One Premium per Enrolled Employee for Employer-Based Health Insurance [Data Set]. Retrieved from http://www.kff.org/ Kaiser Family Foundation. (2013)(2015). Average Family Premium per Enrolled Employee For Employer-Based Health Insurance [Data Set]. Retrieved from http://www.kff.org/ Kaiser Family Foundation. (2011)(2013). Average Monthly Premiums Per Person in the Individual Market [Data Set]. Retrieved from http://www.kff.org/ Kaiser Family Foundation. (2011)(2015). Total Number of Medicare Beneficiaries [Data Set]. Retrieved from http://www.kff.org/ Kaiser Family Foundation. (2006)(2009). Total Medicare Spending by State (in millions)[Data Set]. Retrieved from http://www.kff.org/ Kaiser Family Foundation. (2013)(2015). Medicare Advantage: Local Benchmarks (unweighted)[Data Set]. Retrieved from http://www.kff.org/ Owen, S. (2017). What are some reasons why Medicare is bad for America?. Quora. Retrieved 24 April 2017, from https://www.quora.com/What-are-some-reasons-why-Medicare-is-bad-for-America United States Census Bureau. (2010). Profile of General Population and Housing Characteristics: 2010 [Data Science]. Retrieved from https://factfinder.census.gov/faces/nav/jsf/pages/download_center.xhtml#none

Editor's Notes

  1. Artur
  2. Artur
  3. Vasil Took the thesis statement and broke it down into which points needed to be shown to make a conclusion about our thesis. Population of people over 65 is increasing An increase in government expenditure on medicare Show the differences in premiums for people with and without medicare We then searched for data sets that would help prove these points
  4. Connor
  5. Taylor
  6. Sreyas