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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.
Monday, January 26, 2015
BY JOE CORTRIGHT
"Nostalgia is not an economic strategy."
Friday, February 20, 2015
BY JOE CORTRIGHT | OB CONTRIBUTOR
"Shipping containers to Portland is like waiting for a bus that travels once a day."
Wednesday, January 14, 2015
BY JACOB PALMER | OB DIGITAL NEWS EDITOR
Portland's cab companies urged city hall for consideration as officials weigh new rules for Uber and other ridesharing companies.
Friday, February 27, 2015
BY OB STAFF
Oregon Business held its 22nd annual 100 Best Companies to Work For in Oregon celebration Thursday night in the Oregon Convention Center.
Tuesday, January 27, 2015
Power Lunch at the Imperial.
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BY JACOB PALMER | OB DIGITAL NEWS EDITOR
As the costs of college mount, and as employer demand for software developers soars, coding schools and classes are popping up everywhere.
Thursday, February 26, 2015
BY KIM MOORE | OB RESEARCH EDITOR
Employment in Oregon is almost back up to prerecession levels — and employers are having to work harder to entice talented staff to join their ranks. This year’s 100 Best Companies to Work For in Oregon project showcases the kind of quality workplaces that foster happy employees.
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