The President of Lily Pharmaceutical Company in Indianapolis, Sidney Taurel, recently spoke at the Wharton School. Here is part of what he said. http://knowledge.wharton.upenn.edu/article.cfm?articleid=1915
Health care costs are growing at an unsustainable rate, with an aging population as the driving force, according to Taurel. "Already, there are more people in Europe who are over 40 than are under 40," while the median age in Europe is predicted to reach 50 by the year 2040.
Meanwhile, lower birth rates in the developed world have caused an inversion of the age pyramid, with too few younger, working people to help pay for the medical services being used by a growing older population. As the median age rises, so does the price of health care. "Indeed, turning the pyramid upside down wrecks the traditional model of health care payment," Taurel said, adding that Medicare faces an unfunded liability of $30 trillion over the next few decades.
Why are the Presidential Candidates refusing to discuss this?
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