Medical expenses tend to rise with age due to increased healthcare needs, posing financial challenges for individuals and governments.
Medical expenses tend to continuously increase as a person grows older, especially with aging populations. As individuals age, they typically require more healthcare services and treatments, leading to higher medical costs.
In many countries, health care is the largest area of expenditure, and its cost is expected to rise significantly with an aging population. This increase in medical expenses presents financial challenges for governments.
Population aging not only impacts healthcare spending but also raises concerns about government funding, taxation policies, and the sustainability of healthcare systems as more people require medical services.
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