Would you sacrifice your freedom to spend your old age in prison? Somewhat ironically, there are some elderly Japanese who would answer: “Yes please!” The elderly criminal phenomenon in Japan may be absurd to some but you could feel sorry for these elderly inmates once you know their circumstances.
This article was originally published on WHEB Insights Blog.
It is difficult for these elderly ex-convicts to find a place in nursing homes after their release as they need to compete with 520,000 other elderly Japanese on waiting lists. The lack of adequate care and social support give little choice to these elderly inmates but to commit crime again and again just to get the food and care they need behind bars. Prisons basically become their nursing homes. While this elderly criminal phenomenon may be only restricted to Japan, the ageing populations, in both the developed and the developing world, create huge social and financial challenges to societies and governments on a global basis.
Older people are particularly vulnerable to social isolation and physical immobility. Without adequate care and social support, the impact of social isolation and physical immobility on their wellbeing has significant cost implications for health and social care services. As people age, the need for assistance grows dramatically. 7% of the elderly in the US aged between 65 and 74 need assistance for daily activities. The percentage increases considerably to 40% for the people aged 85 or above. This growing demand for elderly care creates a huge burden on the government healthcare spending. In the US, 75% of Americans aged 65 or above have multiple chronic conditions and they account for 72% of doctor visits and 88% of all prescriptions.
The solutions to this chronic care challenge are to provide right care at the right time. There are various elderly care solutions including home care, independent living, assisted living and nursing homes. They provide various level of care at different cost levels. Home care is regarded as one of the most cost effective ways to provide elderly care. For example, Amedisys claims that home care in the US can potentially prevent 34,665 re-hospitalisations and save $4.88 billion for Medicare. Unfortunately, home care is not suitable for everyone and home care providers have sometimes been associated with fraudulent reimbursement claims. We currently have no exposure to home care at present, partly because of our concerns over their corporate governance standards.
We are a long-term investor in Orpea, which is a European leader in elderly care with 58,334 beds across 600 facilities. Orpea is well positioned to benefit from the ageing population in Europe where the number of people aged 80 or above will double by 2050 Based on its current pipeline, it is going to build 9,101 additional beds in the next few years to help meet this growing demand. Orpea benefits from the limited investment capacity of public sector and non-profit organisations due to the sluggish economies in Europe. At the same time, it is trying to consolidate the highly fragmented private sector.
With the global number of centenarians projected to increase 10-fold between 2010 and 2050, we all need to plan in advance how we are going to pay for the care we will need in our old age. Elderly care homes in the UK now cost an average of £28,500 per year, or £37,500 per year if nursing is required. While the median annual income for full-time employees is only £27,200, prisons may be the only option for some to spend their old age! I heard that Halden, Norway has the most humane prison in the world!
Photo: Garry Knight via Flickr
Like our Facebook Page
Prominent Trends in Seafood Sustainability in 2022
Can PEMF Help To Improve Plant Growth for Eco-Friendly Gardeners
How the U.S. Government is Promoting Green Energy in the Country
12 Essential Things for Buying Your First Home
Harnessing Sustainability with User-Centric Technology Innovation
Making Your Dream of Having an Eco-Friendly Garden Come True
Tips for Optimal Waste Management in Your Home
The Agricultural Benefits of Weather Stations for Eco-Friendly Farmers
What Makes Online Furniture Eco-Friendly?
How Eco-Friendly Indian Tourists Can Apply for Visas to Brazil
7 Eco-Friendly Plant-Based Alternatives for Everyday Products
Teaching Them While They’re Young: Sustainability Tips for All Ages
Top 5 Benefits of Eco-Friendly Cars
Why Eco-Friendly Homes Should Have Outdoor Bathrooms
Merits of Sustainability Reporting: What Every Manager Must Know
Low Emission and Clean Air Zones: What You Need To Know
4 Ways To Build A Sustainable Home
Why Transitioning Your Company to an EV Fleet Makes Sense?
CEO Brian Ladin Explains How The Shipping Industry Is Going Green
A Guide to Eco-Friendly Landscaping
- Features11 months ago
Seven Health and Safety Tips for Eco-Friendly Products in a Green Home
- Energy11 months ago
Eco-Friendly Homeowners Lower Carbon Footprints through Greater Air Conditioner Efficiency
- Features10 months ago
Essential Guidelines for Eco-friendly Moving into new Home
- Features10 months ago
5 Compelling Reasons to Hire an Eco-Friendly Contractor