Although most Americans have at least a lingering idea that health care is expensive, a number of studies have shown that a large percentage have a poor sense of how much a medical emergency would cost them.
Young people are the worst when it comes to understanding health care economics. Millennials, most of whom don't visit the doctor often, typically underestimate the cost of a medical service, a new study by Columbus, Georgia-based supplemental insurer Aflac shows.
In its poll of 5,000 employees, Aflac found that two-thirds of those between 18 and 36 underestimate the cost of a given medical expense, compared to 45 percent of the overall population.
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