Retirement Concerns on Aging ​

Are you getting to that point in life where age has become a concern? Read on!!! Physician Shortage Projected by 2034 A new study from the Association of American Medical Colleges (AAMC) projects that the United States could face a shortage of between 37,800 and 124,000 physicians by the year 2034. This shortfall includes gaps in both primary care and specialty areas such as surgery, cardiology, and emergency medicine[2][3]. What’s Driving the Shortage? The growing U.S. population, especially an increase in people aged 65 and older, is fueling the demand for more healthcare. As Americans age, they require more medical care, which puts additional strain on the healthcare system. Compounding this, a significant portion of the current physician workforce is nearing retirement age. In the next five years, roughly 35% of doctors are expected to reach retirement, which will further reduce the number of practicing physicians[3]. Impacts on Healthcare Access If current trends continue, patients may find it harder to access timely care. Both primary care and specialty medical services could see significant delays and shortages. This situation threatens the overall infrastructure of healthcare in the country and risks widening disparities in access to care, as highlighted during the COVID-19 pandemic[2][5]. Solutions: Expanding Medical Education To address the looming shortage, experts are calling for an increase in graduate medical education slots. Expanding residency and training programs would help prepare more doctors to meet the nation’s growing healthcare needs in the coming decades[1][5]. Taking action now is crucial, as it takes many years to educate and train new physicians[3].