Downside to increase in life expectancy?

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Well we also have a dramatic study today getting a lot of attention on how long we are now living.

As researchers declare that 72 is the new thirty.

While the idea being forever young may sound nice.

There are some down sides.

And -- now doctor Marc Siegel a member of our Fox News medically team.

And Fox Business -- -- -- host of -- and company and at the end so let's start with you -- what is -- this comes -- -- Germany and what are they trying to sell it means having -- -- the -- thirty.

Very prestigious journal proceedings of the national academy of science this is a really really dramatic -- it shows is.

There's been 8000 generations of humans on this planet the last four -- just the last four generations.

Have lived -- a lot longer back in 19100 people lived about forty years.

Now we live around eighty years why.

Vaccines.

Clean water.

Clean food antibiotics.

More public health more perceptions.

Vaccines are probably by the way and public health and sewage removal number one on the list of star career as the biggest killer Allah cannot get down into social that is so this is the issue.

And it's actually great news but the question is.

What are we gonna do and how we're gonna pay for -- actually and that's mr.

-- either but I actually believe we should raise the retirement age of America.

Oh wait wait before we get to that.

Sort of we're living longer is with the study says but are we does it mean when you're 72 is the new thirty it's like I we show the picture before Iraq how well -- -- -- -- in there.

-- these older women who looked fantastic and seems super vibrant and it makes you think.

Greats if this is what you know being in my seventies looks like herb you know eighties and in that body -- case bring that -- critics.

But it the -- not saying that it's not saying that you'll feel younger when.

Or older -- -- -- talking about chronological age but I want to add to this picture of the great treatments we have frankly we have.

Lipitor and drugs to lower cholesterol we have treatments for heart disease we have great treatments for cancer.

I -- I really believe and sanitation not only are we living longer what we are living better I think people are much better health.

Then that when they were hunters and gatherers before we knew that cigarettes were terrible for you all of the things that have occurred over the last couple -- generations.

Have actually went to better life.

Okay notes -- there are some consequences of isn't it good news bad news that sent.

And students hear the bad news -- -- but still go ahead and I.

I look -- -- I am delighted to be looking like continuity is all which I doubt but look so let me ought not kill the good news.

That the problem with this is we're living a whole lot longer that means pension payments have to be financed -- a whole lot longer period.

I'm -- to -- that longevity these increases in life expectancy a go to force the reform of social security and Medicaid Medicare I should say.

Maybe one number.

In 1935 starting out social security life expectancy 61 point seven -- -- fast forward to 2010.

Life expectancy 78.

Point seven years and increase that's seventeen years in three generations -- now with not change the funding for Social Security we still raise money in the same way and yet when living seventies -- longer.

And by the year 2050.

Life expectancy is eighty -- Except that I -- and -- studies.

That we could decency let expectancies of 8590 or 100 -- is expected averages of 85 to a hundred years old and you've got to pay for what you know how you gonna do.

It -- a lot of money by the -- I say people are feeling better but that cost a lot of money these medications cost a lot of money the surgeries you have as you get -- of course a lot of money.

So it does cost a lot more to take care of a seven the -- an eighty year old.

I just have -- -- and a look at the states in America which are in financial trouble California Illinois New York etc.

look at the cities Detroit and so on down the line what's the problem.

It's pensions the promises -- made to pay a retired state -- us forever as long as they live.

And then living longer putting in enormous strain on state finances.

You can retire to state government look at the age of 55.

You gonna -- for another thirty years on a very high pension rights which has to be financed but you cannot pay for it.

And then on top of all that your point is as these folks getting -- go from 55 to -- cited eighty.

That their medical bills go up and up and up and up and we're not doing anything to to refresh that cash influx we can't pay for.

Why -- entire health insurance system as we've talked about on this program is geared towards hospitalization.

Very high tech solutions you know this cost a tremendous amount of money so as Stewart was saying Medicare that's the reason Medicare is going bankrupt we're heading to.

They'll probably -- -- to help with a stuck because he -- he was saying in this in this law this bill became law.

That we were gonna do more preventative care sort of keep people well before they got to that point.

Well real preventative care is it doesn't even occur in a doctor's office -- hospital with a cars before you ever get sick and I don't think Obama Caroline looks at that Obama -- what it is used.

-- extension a very comprehensive insurance.

To millions more people that's very very expensive.

I think said the beginning of this you got to change the retirement age why should a 65 year old qualify for Medicare now.

If we're already saying they're way way better health and a 65 -- -- old ones back in 1940.

Let's do there's been so there's been 00.

Appetite for raising the old -- ending.

You -- continue -- one year I one year and people were apoplectic and it wasn't like one year right now.

If you're about to turn 65 we're gonna raise interest in twenty years then we'll raise it one -- and it was all -- Have you -- demagogued to death if you suggest raising the retirement takes the AARP comes right out and says you are rubbing it seniors you're denying them their rights you can't do that.

And seniors vote and politicians listen.

Got to seniors and their representatives at even if some information being put out as bad information you know even if they wouldn't be -- -- actual seniors would not be affected its people.

You know we're much younger who many years from now be -- quickly and it appears.

The American they're not getting the care that they were promised anyway when they when they sign up for Medicare and they -- take -- out of -- payroll -- there -- looking forward to something that we don't have -- winner on the doctors would have the -- we don't have the access to care so Medicare patients are being -- one way -- the other we needed to -- reform.

-- they -- have that thing at CBS you can stick your arm of the blood pressure cuff and that's you that in giving your doctor Iraq.

I'm getting an accurate relate Greg Little part of that -- there -- -- -- you.

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Downside to increase in life expectancy?

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