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Rising Cost of Pharmaceuticals for the Aging Population Name Institution A Gap in Efficiency Related to Rising Cost of Pharmaceuticals for the Aging Population The Gap Prescribed drugs are essential in the healthcare management among the aging population. Older adults depend on prescribed medications to preserve their health. However, the high cost of medicine can be restrictive and may even lead to non-compliance. Generally, as people age, they develop chronic health conditions, which as well increase the need for prescribed medication (Klein, Turvey & Wallace, 2004). A significant proportion of the people aged 65 and older utilizes prescribed medications. More so, the aging population is expected to grow by a considerable threshold by 2030. As a result, policymakers are becoming more concerned about the implications of the aging population. Some consequences have already been felt especially in the US. This particular population is growing eligible for health care insuranc...
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