Recent Study Finds That Younger Generations Are More Likely to Lose Their Health Coverage Due to Pandemic

A recent study has discovered that younger Americans are more likely to lose health coverage due to the coronavirus pandemic.

According to TransUnion Healthcare’s 2020 Patient Financial Experience Survey, overall, 22% of the 3,000 respondents said the pandemic affected their health insurance. Meanwhile, younger generations had higher percentages of affected respondents – with 33% of Gen Z respondents and 29% of millennial respondents.

As for Gen X’s and baby boomers’ health coverage, only 18% and 12% were affected, respectively.

Jonathan Wiik, TransUnion Healthcare’s principal of health care strategy, said that due to the pandemic, “larger percentages of younger generations deferred non-essential care and had their insurance coverage impacted.”

COVID-19 and Economic Impacts from Pandemic Driving Increased Focus on Healthcare Consumerism $TRU https://t.co/E2pIrkXjAw

— Investor News (@newsfilterio) October 22, 2020

“At the same time, the industry has reported only modest shifts in payer mix despite the economic and financial impacting these individuals, going against expectations and signifying a gap in coverage,” he added.

“The changes brought on by the COVID-19 pandemic are leading to more healthcare consumerism, where patients are taking their medical care and the costs associated with it into their own hands,” the survey results say.

The survey also found that in the last six months, 59% of respondents postponed medical care unrelated to the coronavirus.

Up Next:

• Costco Sells COVID-19 Saliva PCR Test Kits
• Michigan Teenager Sells Coffee to Buy Blankets for the Homeless During the COVID-19 Pandemic
• COVID-19 Pandemic Causes Teens Not to Spend as Much as Before