Boomers most worried about health care costs

Americans age 55 to 65 say the rising cost of health care will have the biggest impact on their retirement plans, a new study shows.

According to the 2012 Retirement & Politics Survey from Allianz Life Insurance Company of North America, 67 percent of people in that age bracket _ who are known as “transition boomers”_ said health care expenses were their major concern.

Social Security was the second biggest concern among the group, with 53 percent of transition boomers listing that. The other big concerns, in order were: changes in the tax rate, 31 percent; the rising national debt, 26 percent; unemployment, 19 percent; and education, 4 percent.

Allianz had 1,200 baby boomers surveyed.

The poll broke down respondents by political affiliation and found some differences depending on a person’s party preferences. For example, transition boomers who called themselves Democrats were more concerned with Social Security than Republicans.

Republicans, on the other hand, were more concerned with the national debt than were Democrats.

7 comments Add your comment

zeke

October 22nd, 2012
10:34 am

Just shows how those on the left misunderstand the economics! If the deficit and therefore the amount of debt are not controlled and reduced, the cost of health care will not matter at all!

Bob

October 23rd, 2012
2:19 am

And, if you die because your are denied access to health care insurance or health care, period, the state of the economy isn’t really matter to you. Repeal ObamaCare and see how many lose access to health care, millions of good Americans (not part of the 47% losers, Romney doesn’t care or worry about).

Independent voter

October 23rd, 2012
6:31 am

personal responsibility folks… take better care of yourself… eat right, exercise, quit smoking, moderate drinking, etc. .. Obamacare is just a tax increase … will result in less doctors and more IRS. agents.. we need MORE Doctors and nurses !!!

Bob

October 23rd, 2012
8:32 am

Independent Voter:

“Take better care of yourself… eat right, exercise, quit smoking, moderate drinking, etc. .. “… and what you won’t get cancer?!!! I have been to over six funerals this year, most if not all of my friends were trim, marathon runners, athletics, and great healthy eaters, who left young families behind, and surviving parents. Let’s get real. Cancer kills, and we need to support research, and care. Georgia has one the worst uninsured rates, coupled with one of the worst mortality rates. It has done little to nothing about improving access to health care, nor health care insurance. States that have, like Massachusetts, Hawaii and New York, have remarkably better results.

Mike

October 23rd, 2012
11:38 am

I call BS on Bobby boy.

BILLY MAYS HERE

October 23rd, 2012
3:52 pm

Well, Baby Boomers spent their entire lives ruining the system for future generations so screw ‘em. Let ‘em die.

Bob Walters

October 25th, 2012
2:17 am

The reason behind exploding health care costs are Federal handouts, primarily in the form of Medicaid and Medicare. These two programs are bankrupting this country. We need to end them NOW. Romney and Ryan stand firmly behind personal responsibility and that includes taking care of your own health. We need to put an end to the socialist legacy of the past that have put us where we are now… trillions in debt. End Medicare now! End Medicaid now! Stop the checks now!

For love of country, faith in God, and a commitment to personal responsibility, vote for Romney/Ryan. Tea Party 2012 all the way to the White House!