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New Survey: Painful Economy Puts Health Care Pinch on Young Adults
Date:10/8/2008

While savvy seniors shop smarter, young adults seek prescription for savings amid ailing economy

FRANKLIN LAKES, N.J., Oct. 8 /PRNewswire-FirstCall/ -- Contrary to popular belief that seniors are hit the hardest when it comes to the recent economic crisis, a new survey from Medco Health Solutions Inc. (NYSE: MHS) reveals that the sting in paying for health care costs amid the ailing economy is in fact most acute among young adults.

According to the new national survey "Feeling the Health Care Pinch," nearly 70 percent of adults aged 25-34 claim the economic downturn of the last 12 months has made it somewhat or significantly more difficult to pay for health care expenses. Ironically, among people over 55--pre-retiree and retiree aged consumers whom many often think of as struggling to pay for health care -- more than half said the downturn in the economy has not impacted their ability to pay for health care at all. Overall, three out of four people are concerned about the cost of health care.

The survey, conducted on behalf of Medco by Directive Analytics, unearths a compelling contradiction in who is actually feeling the pain of the current economic situation most when it comes to health care, and sheds some light on how people are dealing with health care costs.

"College loans, car payments and housing expenses are the typical costs of living you would expect a young adult to be worried about - but certainly not the cost of health care," said Paul Reyes, Medco pharmacist and co-host of Medco's national Ask the Pharmacist program. "Seniors are by and large well-versed in saving money on health care; but young adults, who are now facing more chronic diseases, may not be as wise in the ways of saving."

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SOURCE Medco Health Solutions, Inc.
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