Medical costs among American's top financial concerns

Although not being able to pay medical costs is a top financial concern for U.S. adults, the financial anxiety associated with healthcare costs decreased over the last year, according to a Gallup survey.

Gallup has polled Americans on their financial concerns for its annual Economy and Personal Finance survey each year since 2001. The latest data were collected April 5-9.

The survey revealed U.S. adults are most concerned about not having enough money for retirement and not having enough money to cover medical costs of a serious accident or illness, with 54 percent of respondents "very" or "moderately" worried about each. These two concerns have consistently been among Americans' top financial worries since Gallup began conducting the survey, but the anxiety about these issues fell over the past year. In 2016, 64 percent of respondents were "very" or "moderately" worried about having enough money for retirement and 60 percent were worried about not being able to pay for medical costs of a serious accident or illness.

Coming in third on the list of financial concerns this year was not being able to pay for medical costs for normal healthcare, with 41 percent of respondents worried about this issue. Not being able to maintain the standard of living you enjoy and not having enough money to pay for your children's college rounded out the top five financial concerns. 

More articles on healthcare finance:

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CMS further delays major bundled payment initiatives: 4 things to know
6 hospitals receive credit downgrades in past month 

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