Survey: 1 in 4 Americans Skips Doctor Because of the High Cost

You probably expect people to do it; you might even be one of them. It turns out, according to a new Bankrate.com study, that a large number of Americans – 25 percent of them – are passing on going to the doctor because they can’t afford it.

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Speaking to Fox Business about the disturbing survey results, Bankrate.com analyst Robin Saks Frankel said, “I found it concerning that so many people skip medical care because they are afraid of what the cost of treatment could be. Not all aches and pains can be easily dismissed and the future costs could end up being higher for someone if a condition is left untreated. To have health insurance and yet still have fears about treatment fees just seems wrong.”

No argument there.

According to the survey, older millennials, those in the age 27 to 36 age bracket, are most likely to skip the doctor because of cost fears – a whopping 32 percent of them don’t go to the doctor, presently. Frankel said that millennials are the biggest group of healthcare dropouts because of the enormous amount of student debt with which they’re burdened.

Historically, perceived invincibility has been a factor in keeping younger adults from going to the doctor, but now, the issue of expense is making that avoidance problem much worse.

To be sure, it is not just millennials forgoing health care services; 25 percent of America is a much larger chunk than which is represented by the older millennial demographic. The reality is that access to health care is presently out of reach, by virtue of high cost, to a great many Americans, and while there has not been a lot of talk on the national level as to how that inaccessibility is affecting mortality, make no mistake: if nothing changes, there will be plenty of conversation on that point, very soon.

The information contained here is for general information purposes only. The Financial Writer blog and Bob Yetman disclaim responsibility for any liability or loss incurred as a consequence of the use or application, either directly or indirectly, of any information presented herein. Nothing contained in this article, or any other article featured at this blog, should be construed as a solicitation or recommendation to engage in any financial transaction. You should seek the advice of a qualified professional before making any changes to your personal financial profile.

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