By Anil Sanwal
The challenges presented by aging populations extend far beyond North America. The world is facing a situation without precedent: soon, the elderly will outnumber children as a proportion of the global population. Today, 8.5 percent of people worldwide are 65 years old or older. According to a National Institute on Aging (NIA) study, this percentage could leap to nearly 17 percent of the global population by 2050 (1.6 billion). How can we help seniors remain independent, healthy, and active – and also control the cost of care? It is a question being asked by loved ones, healthcare providers, and insurers everywhere. In the United States, where the long-term care (LTC) insurance market continues to struggle to achieve sustainability, finding a solution is urgent. New technologies may provide the answer.