This report stresses that one of the main worries that a bulging number of the aging population has on the economy is the significant amount of pressure it puts on the provision of medical and health services. Healthcare services are significantly affected by the changing demographical structure, and especially the increasing dependents of the baby boom era. An ageing population reduces the average productivity of a country. However, analysts say that the reduction in productivity is relatively insignificant, offset by technological advancements and educational gains that are made in an economy. Productivity is the level of output per unit input. There is a direct relationship between an ageing population and the numbers of the working population.
This paper makes a conclusion that efforts directed towards the specialization of medical and health services in England have been adopted more gradually in Wales where individuals have had some suspicion of entrepreneurial approaches to care provision. Nonetheless, outlooks around the value and elasticity of care services will go up as the baby boomer group approaches old age. With increases in cases of Dementia, the necessity for expert services at the interface of social caregiving and healthcare provision is on the increase. Compounded by an era of substantial pressure on public service spending and social caregiving could lastly surface from NHS shadows and become a subject of national significance.