Definition of Financial Terms

Finance Essay on Finance and Budgeting

Finance and Budgeting

Health is a significant topic since it is a costly area and being unable to address health issues of the population can cause serious concerns. The population of the elderly persons is increasing at a significant rate. There were 39.6 million seniors in 2009 in the US. Seniors are the people aged above 65 years. This figure indicates 13 percent of the population of the US. There are predictions that this population will rise by 135 percent between 200 and 2050. This is a representation of a high population that needs medical care.

Among the health problems that the elderly persons face include Alzheimer’s disease. This condition causes memory loss, diabetes, cancer, osteoporosis, heart failure, vision issues, pneumonia, flu, depression and Parkinson’s disease. About $ 262 billion are spent by the government on chronic illnesses annually. It is important for the government to introduce hospitals that are designed to cater for the health demands of the aged or the old persons. The projected growth as well as the substantial increase in health needs indicates a ready market. As such, Golden Age Hospital’s construction is a viable idea.

This hospital will be situated in Orange County because the elderly persons’ population is high in this locality. Attracting the aged or the old people will be easier because the personnel and equipment designed to cater for their needs will be available. GAH building and the nearing clinic will be sufficient to cater for the community needs. The cost of constructing this hospital, instrumentation, and medical apparatus will be met by the state. The hospice’s staffing will be based on the community needs. This organization will get premiums for the offered services. The program will be responsible for ensuring that the provided services are based on the essence of offering effective and efficient care without services’ overutilization.


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