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|Articles - May 2013|
|Monday, April 29, 2013|
Page 3 of 5
Let’s face it: We’re getting old. In 2011, 14.3% of Oregonians were 65 years of age and older, up from 12.8% in 2001, according to the Census Bureau. This ranked Oregon 15th among the 50 states, higher than the U.S. overall at 13.3%. Percentages are much higher in southern and coastal areas that have attracted many retirees. For example, Josephine and Curry counties had 23.0% and 28.3%, respectively, of residents 65 and older. And as baby boomers continue to age into this demographic it will continue to swell.
This population creates a strong demand for health care. Most of its services are paid for by Medicare, which the OAHHS shows surpassed private insurance within the last few years to become the biggest patient revenue source at more than 40%, though Medicare beneficiaries represent only 17% of Oregon’s 2011 population, and the state ranked 46th for per capita Medicare billings at $13,752. Oregon also had the lowest nursing facility occupancy rate in the nation in 2010, according to the Kaiser Family Foundation.
As the state and nation get grayer, they’ll need more medical facilities and workers. Health care jobs have already outstripped the private sector overall, growing 64% in the last 20 years. The sector likewise grew from 6.3% of the state’s gross domestic product in 2006 to 6.9% in 2009. This requires huge investment in infrastructure and human capital, yet does not make products for export or generate new income. Instead it often bankrupts sick residents, devours government subsidies and hobbles the state with a population that consumes services but does not produce taxable income. Getting old is no fun.
SOURCES: OREGON INSURANCE DIVISION: OAHHS, KAISER FAMILY FOUNDATION
SOURCE: OREGON EMPLOYMENT DEPT.
Thursday, June 12, 2014
BY ANDREA DURBIN | OB GUEST BLOGGER
Last week, the Obama administration took an important and welcomed step in the effort to protect the health and well-being of all Oregonians by limiting carbon pollution from existing power plants.
Tuesday, July 08, 2014
BY LINDA BAKER | OB EDITOR
The New Yorker recently published a sharply worded critique of “disruptive innovation,” one of the most widely cited theories in the business world today. The article raises questions about the descriptive value of disruption and innovation — whether the terms are mere buzzwords or actually explain today's extraordinarily complex and fast changing business environment.
Update: We caught up with Portland's Thomas Thurston, who shared his data driven take on the disruption controversy.
Thursday, June 19, 2014
BY MONICA ENAND | GUEST CONTRIBUTOR
Nine tips for building habits among employees to respond when needed.
Thursday, June 26, 2014
BY ERIC FRUTS | OB BLOGGER
Last year, the housing market in Oregon—and the U.S. as a whole—was blasting off. The Case-Shiller index of home prices ended the year 13% higher than at the beginning of the year. But, was last year a blip, or a trend?
Monday, July 14, 2014
BY TERRY "STARBUCKER" ST. MARIE
I really didn’t know that much about angel investing, but I did know a lot about the entrepreneurial spirit.
Wednesday, July 02, 2014
BY JESSICA RIDGWAY | OB WEB EDITOR
Dress for Success Oregon promotes the economic independence of disadvantaged women by providing professional attire, a network of support and career development tools.
Thursday, July 03, 2014
BY TED AUSTIN & MIKE BAELE | GUEST CONTRIBUTORS
The Office of Economic Analysis announced that Oregon is currently enjoying the strongest job growth since 2006. While this resurgence has been welcome, the lingering effects of the 2008 “Great Recession” continues to affect Oregon businesses, especially with regard to estate planning and business succession.
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