Korea’s Timebomb Ticking: Older Population=Higher Healthcare Costs

Pretty Simple, Really: The Older, The Sicker
The mK Business Daily has come around to one of the larger problems of Korea’s aging population. You don’t get healthier when you get older. The Seoul Gyopo Guide has pointed out this out, and the effects of an aging population here. In addition, this blog has suggested ways to deal with the social costs of an older population, namely, increased consumption taxes on cigarettes and soju. If this isn’t addressed, then Korea will face what the U.S. currently faces: a bankrupt national medical system (Medicare) in which the “solution” is left up to politicians. That cannot end well.