Navigation Links
Thomson Reuters Study Finds Baby Boomers and Generation X Face Healthcare Cost Hurdles
Date:6/21/2009

Survey Measures Impact of Recession on Healthcare Use by Demographic Segment

ANN ARBOR, Mich., June 22 /PRNewswire/ -- Twenty-five percent of Americans say they had difficulty paying for healthcare in the past 12 months, with the Baby Boomer and Generation X age groups leading the way, according to a study published today by Thomson Reuters. The study, which tracks the impact of the recession on consumers' healthcare behaviors, also found that Generation X and Baby Boomers are 3.5 times more likely to postpone care due to the cost than are older Americans.

The analysis is based on a telephone survey of 3,007 households conducted from April 21 to May 3 -- a segment of the Thomson Reuters PULSE Healthcare Survey, the nation's largest and longest running privately funded household survey on health behavior and utilization. Responses covering a three-year period were then analyzed to chart long-term trends in consumer healthcare utilization among different demographic groups.

Following are the key findings of the analysis:

  • Difficulty Paying for Healthcare Persists: One in four Americans said they had difficulty paying for care in the previous 12 months -- similar to the findings from a wave of the survey conducted in March. Those in the Baby Boomer and Generation X age groups are more likely than Millennials and the Silent Generation to say they are experiencing difficulty paying for care.
  • High Unemployment Rears Its Head: The percentage of households that reported losing a job in the last three months increased to 13.5 percent in April, up from 11.4 percent in March. Unemployment is the single strongest driver of payment difficulty among healthcare consumers, the study found.
  • Gen X and Boomers 3.5 Times More Likely to Postpone Care Due to Cost: Age impacts deferral of healthcare more than any other demographic factor, including household income, employment, and primary insurance. Generation X and Baby Boomers are 3.5 times more likely to postpone care due to cost than the Silent Generation.
  • Negative Expectations for Future Care: When asked about their expectations for the next three months, 20 percent of consumers said they expect to have difficulty paying for health insurance or healthcare services. Baby Boomers are 4.5 times more likely than the Silent Generation to say they expect to have difficulty paying for care in the next three months.
  • Older Americans Least Affected by Economy When It Comes to Healthcare: Older Americans, who have the access to Medicare, are less affected by the economic downturn when it comes to healthcare behavior.

For the study, the Millennial Generation was defined as being born after 1984, Generation X was born between 1965 and 1984, the Baby Boom Generation was born between 1946 and 1964, and the Silent Generation was born before 1946.

"It is important for healthcare providers, employers, and policy makers to consider how the economy and healthcare policies affect demographic segments differently," said Gary Pickens, chief research officer for the Healthcare and Science business of Thomson Reuters and lead author of the study. "Clearly, the age groups that represent the largest slice of the employer-sponsored insurance landscape -- Baby Boomers and Generation X -- are most susceptible to the ebbs and flows of the economy."

The study is part of a series of research papers assessing the impact of the current recession on the healthcare system. Future reports will track hospital financial performance, healthcare outcomes, and additional consumer trends.

About Thomson Reuters

The Healthcare business of Thomson Reuters produces insights, information, benchmarks and analysis that enable organizations to manage costs, improve performance and enhance the quality of healthcare. Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, scientific, healthcare and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people in 93 countries. Thomson Reuters shares are listed on the New York Stock Exchange (NYSE: TRI); Toronto Stock Exchange (TSX: TRI); London Stock Exchange (LSE: TRIL); and Nasdaq (Nasdaq: TRIN). For more information, go to www.thomsonreuters.com.


'/>"/>
SOURCE Thomson Reuters Healthcare
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Accurays Euan Thomson Named Ernst & Young Entrepreneur Of The Year(R) 2009 Award Recipient in Northern California
2. Thomson Reuters Partners with Research4Life to Bring Scientific Research Information Resources to Developing Countries Around the World
3. Thomson Reuters Offers Average Wholesale Pricing Information for Workers Compensation Drug Claims
4. Availity Teams with Thomson Reuters to Integrate Treatment Cost Calculator
5. Thomson Reuters Medical Director Named to Healthcare Industry Leadership Roles
6. Thomson Reuters Honors Keystone Mercy and AmeriHealth Mercy Health Plans and Tallahassee Memorial HealthCare
7. Baptist Health South Florida Selects Clinical Performance Benchmarking Solution From Thomson Reuters
8. Thomson Reuters Web of Science(R) Provides Insights Into More than a Century of Influenza Research for Todays Health Professionals
9. Thomson Reuters and the National Foundation for Cancer Research Provide Online Help for Cancer Patients
10. Nobel Laureate Celebrates With Thomson Reuters, Drs. Clotet and Gatell Ten Years of HIV Updates
11. Thomson Reuters Study Finds More Patients Postponing Medical Care Due to Cost
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... ... , ... Many families have long-term insurance that covers care for a family ... for care if the client has a cognitive impairment diagnosis. , “What this ... often waived, so the benefits from their insurance start immediately,” said Mechell Vieira, owner ...
(Date:10/13/2017)... Abilene, Texas (PRWEB) , ... October 13, 2017 , ... ... publication this week that explains one of the most popular and least understood books ... seems like cryptic and puzzling descriptions that have baffled scholars for centuries. Many have ...
(Date:10/13/2017)... ... ... On The Brink”: the Christian history of the United States and the loss of ... William Nowers. Captain Nowers and his wife, Millie, have six children, ten grandchildren, ... Navy. Following his career as a naval aviator and carrier pilot, he spent ...
(Date:10/12/2017)... ... 12, 2017 , ... The company has developed a suite ... regulatory authorities worldwide. From Children’s to Adults 50+, every formula has been developed ... , These products are also: Gluten Free, Non-GMO, Vegan, Soy Free, Non-Dairy*, ...
(Date:10/12/2017)... ... October 12, 2017 , ... ... system that we intend to develop to enable prevention of a major side ... severe hearing loss, especially in pediatric patients. For cisplatin, hearing loss is FDA ...
Breaking Medicine News(10 mins):
(Date:9/19/2017)... ARBOR, Mich. , Sept. 19, 2017 HistoSonics, Inc., a venture-backed medical device ... precise destruction of targeted tissues, announced three leadership team developments today:   ... Stopek, PhD ... ... Veteran medical device executive ...
(Date:9/18/2017)... ALLENTOWN , Pa. and KALAMAZOO, Mich. ... Allentown, Penn. , and OptiMed Specialty Pharmacy ... a business partnership to offer a strategic hub service ... PMD Healthcare,s highly sought-after personal spirometer, Spiro PD 2.0, ... A spirometer is a medical device used ...
(Date:9/13/2017)... Sept. 13, 2017   OrthoAtlanta has been named ... Football Host Committee (AFHC) for the 2018 College Football Playoff ... 2018, at Mercedes-Benz Stadium in Atlanta, Georgia ... AFHC "I,m In" campaign, participating in many activities leading up ... ...
Breaking Medicine Technology: