High healthcare costs have led millennials to put the health of their bank account before the health of their body, according to Becker’s Hospital Review.
Fifty percent of millennials admitted to delaying treatment because of cost, a survey from Xerox found. That’s not a dramatic deviation from the norm, either. About 45 percent of adults between ages 35 and 49 delayed treatment too, compared with 39 percent of baby boomers and 15 percent of those above age 65.
Annually, medical treatment for millennials averages $1,834 per person.
The young, if it’s bearable, choose cost savings over medical relief. It’s also a question of affordability and access. Older Americans, whom the government caters to with medical plans, and who have higher average incomes and savings anyway, aren’t faced with similar difficulties. Their health problems, also, are more serious than the average young person.
A toothache or a sprained ankle is easier to bear than a heart condition.
Millennial reluctance toward expensive medical treatment could be a blessing, This cost-conscious mindset, as millennials age and spend more on health care, could force health providers to improve customer service and implement cost-effective policies to lower medical costs. That won’t be an easy fix, but it might be what’s needed for the future of health care as the population ages and requires more treatment.