Study: More Than 20% of Older Americans Curtail Healthcare Spending

In 2009, roughly 21.5 percent of people aged 50 or higher cut back on healthcare expenditures — such as switching to cheaper generic drugs or reducing drug dosages — and 19.4 percent skipped or postponed physician appointments altogether in order to save money, according to a January report from the Employee Benefit Research Institute (pdf).

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The results from the 2009 Internet Survey of the Health and Retirement Study also showed that single women and blacks are most likely to make involuntary spending changes to their healthcare. Roughly 22.8 percent of single women altered their prescription drug habits, and 24.8 percent of single women skipped or postponed physician appointments. Those figures were 25.9 percent and 27.3 percent, respectively, for blacks.

The EBRI also indicated that the percentage of young adults aged 19 to 25 who are dependents on employment-sponsored health plans has increased. Since the Patient Protection and Affordable Care Act was enacted in March 2010 to March 2011, young adults named as dependents on employer-based health insurance rose from 24.7 percent to 27.7 percent.

Related Articles on Healthcare Coverage and Spending:

CBO: Raising Age for Medicare Would Save $148B Over Next 10 Years

Survey: 82% of Middle-Income Americans Satisfied With Medicare

Healthcare Spending Slowed in 2010; Grew Only 3.9% to $2.6T

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