Ask a friends, colleagues or relatives what their greatest financial worry is regarded to the upcoming U.S. Presidential election, and chances are most will say "health care."
That is according to a new report out from GoBankingRates. "Americans are most worried about health care prices affecting the U.S. economy over other financial hot topics like tax increases and income inequality," GOBankingRates.com says.
Here is how consumers rate their financial concerns
* Health care costs – 31 percent say it's their chief financial concern
* Social Security benefits – 16 percent
* Income inequality – 15 percent
* Tax increases – 13 percent
* Higher education costs – 13 percent
* Military spending – 11 percent
"Our study found that 'health care costs' was chosen as most significant twice as much as the other 5 financial burdens," said Kristen Bonner, research lead for the GOBankingRates Financial Burdens Survey. "Even more alarming, every age group, with the exception of people under 24 years old and people over 65, chose health care costs as most significant more than any other factor."
That mirrors the outcomes of a separate study from CareCredit, a health care credit card company. Among other things, the study shows 52.6 percent of survey respondents have delayed out-of-pocket health or dental treatment due to the cost. Additionally, if they had to undergo an elective health care treatment today that costs $1,000 out-of-pocket, 44.7 percent would not be able to afford it.
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