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

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.

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