MEDICAL PROPERTIES:

Baby Boomers love Las Vegas!

The Las Vegas boom is being fueled in part by the influx of baby boomers moving to our state. The most important issue is how we can take advantage of the resources that 78 million baby boomers are going to represent."

 Baby boomers — defined as those born between 1946 and 1964 — have started turning 60 at a rate of more than four million a year. — the age when Americans can start collecting certain retirement benefits without penalty. The number of Americans 55 and older is expected to skyrocket from 67 million this year to 97 million by 2020. 

They are the inevitable force of the late 20th Century. They promise to be even more so in the first half of the 21st. They are richer than the rest of us. They vote more. They do more in the community. They are healthier, live longer, and are more active, mobile and adventurous than prior generations. Trends suggest many will continue working beyond the traditional retirement age of 65, launching second careers, becoming entrepreneurs or focusing more on charitable and volunteer projects.  Las Vegas is becoming a haven for retirees.  They spawn new businesses and foster massive development. But their power comes at a high cost. As they age, they will draw from the public coffers like no other social group before them.

Younger, more well-off “roving retirees” in their 60s still instinctively seek out warmer climates in “fun” places like Arizona, and Nevada.  The other key goal of this more affluent group of retirees is reducing living expenses by moving to sun-belt communities with cheap housing and lower taxes. And therein lies the big conundrum for today’s boomer retirees: Just as millions of retiring baby boomers are getting ready to migrate to warmer sun-belt states, these attractive retiree destinations are experiencing skyrocketing real estate prices that may put these locations out of reach for the average boomers.

Active Baby Boomers Keep Doctors Busy

Baby boomers are exercising more than any previous generation, using regular workouts to maintain their health, manage stress, and improve their quality of life. But all of that running, swimming and biking is also sending baby boomers into doctors’ offices and operating rooms in record numbers.

Baby boomers are seeking medical care in record numbers for sport injuries.  Healthcare has become a big issue for baby boomers. Over 60% of adults ages 50 to 64 who are working (or have a working spouse) have been diagnosed with at least one chronic health condition, such as arthritis, cancer, diabetes, heart disease, high cholesterol, or high blood pressure, according to a report from The Commonwealth Fund

In the past decade, 14 Nevada hospitals have been built or expanded at a cost of about $1.2 billion; It.  The state projects that "the hospital industry and health care sector in Nevada will continue to exhibit robust employment growth through the end of the decade," because of overall population growth and an aging population, the authors reported.

Demand for Medical Jobs High:  Nevada is still the fastest growing state in the country. With increases in population comes the demand for healthcare - making Nevada the only state to continue building hospitals at a rapid rate. Because of this high demand, there are many medical jobs available in Las Vegas Hospitals and in the medical field in general.   Opportunity and demand exists for more medical office and acute care facilities.

Although in most parts of the country healthcare officials are noting a trend for hospitals to merge, consolidate, or even shut down because of financial constraints and increasing competition from factors such as managed care, Las Vegas, NV, is witnessing a growth in new construction and expansion of hospital facilities to meet the demand of baby boomers moving to the community.