Australian Millennials Are Sick of Paying for Baby Boomers' Health Care
- Young people are quitting private health insurance in droves
- Switch to public reliance places extra burden on economy
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Australia’s millennials have found another reason to resent cashed-up baby boomers: they’re subsidizing their health care.
Fed up with paying for insurance that mostly benefits older patients, young Australians are quitting private health cover in droves. For many of them, it’s a no-brainer: premiums have soared as much as 70 percent in the past eight years. The amount of insured people in their mid-to-late twenties alone has dropped 14 percent in the past three years.