"this graph does shows that health care expenses are almost three times higher for those over 65 than those under 65. So - in the first graph - as the baby boomers move into the last 4 columns, the health care expenses will rise sharply."
Health care expenses will always be higher when you're close to death. When life expectancy is 75 years, that's from ~ age 60-75 (15 yrs, 20% of lifetime). But when life expectancy is 120, the expensive-age window should also slide out to 105-120 (15 yrs, 12.5% of lifetime) or to 96-120 (24 yrs, 20% of lifetime).
Actually we can't tell how different phases of people's lifetime (especially productive time) will scale as people live longer, but there's no reason to believe the article's statement either.
Health care expenses will always be higher when you're close to death. When life expectancy is 75 years, that's from ~ age 60-75 (15 yrs, 20% of lifetime). But when life expectancy is 120, the expensive-age window should also slide out to 105-120 (15 yrs, 12.5% of lifetime) or to 96-120 (24 yrs, 20% of lifetime).
Actually we can't tell how different phases of people's lifetime (especially productive time) will scale as people live longer, but there's no reason to believe the article's statement either.