Here are eight statistics on millennials — individuals born between 1980 and 1994 — from the TransUnion Healthcare Millennial Report. TransUnion surveyed 1,576 consumers for its analysis from several generations.
1. Thirty-five percent of millennials don't plan for medical or healthcare expenses as part of their budget.
2. Eighty percent of millennials don't have a health savings account for paying out-of-pocket expenses.
3. Thirty-seven percent of millennials have private commercial health insurance.
4. Forty percent of millennials compare the cost of services by healthcare provider.
5. Seventy-one percent of millennials say they would pay their medical bills in full if they have the money to do so.
6. Forty-five percent of millennials don't agree they can access health coverage easily.
7. Thirty-two percent of millennials compare costs of services by health provider.
8. Forty-six percent of millennials would be more apt to pay their hospital bill if they were provided an estimate of the healthcare costs at the time of service.