Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Life Insurance

Aflac: Consumers Fear Medical Bills

X
Your article was successfully shared with the contacts you provided.

Many Americans are nervous about health care costs.

Researchers at Aflac Inc., Columbus, Ga., have published an assessment of that fear in a summary of results of a recent survey of 2,091 U.S. residents ages 18 and older.

About 37% of the participants with health coverage and 74% of the participants without coverage said they have considered not going to the doctor because of the costs they might incur, the researchers report.

The researchers also found that 32% of participants are concerned that they will someday need to declare bankruptcy due to unexpected medical bills.

Only 25% of the survey participants born before 1946 and 29% of the youngest participants worry about medical bills leading to bankruptcy, but 33% of the Generation X participants and 37% of the boomer participants fear medical bills will drive them into bankruptcy, the Aflac researchers report.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.