Intel urge aid for the aged

Chairman Craig Barrett today urged U.S. government leaders to seize the opportunity to apply technology to help solve the economic and social challenges faced by the country due to skyrocketing healthcare costs and a growing wave of ageing citizens.

Speaking at the White House Conference on Aging, Barrett said, “This is a golden moment to bring government, healthcare professionals, industry and academia together to accelerate innovation and investment for this critical national issue.”

With nearly 35 million senior citizens in the United States, the country already spends 16 percent of its GDP on healthcare. This is expected to rise to 25 as the number of senior citizens doubles during the next 20 to 30 years. Barrett said the country’s economy cannot keep pace with the soaring costs of caring for an ageing society.

“We can make the healthcare system more cost-efficient while simultaneously improving the quality of care and life for our nation’s ageing population,” said Barrett. “No company, no industry, no country can afford to ignore the economic and social impact this wave of ageing people will create.”