Final answer:
The statement that adults in poor health are more concerned about bill payments is true, reflecting the heavier financial burden that healthcare costs impose on them. This is exacerbated for underinsured or low-income individuals, who often face a disproportionate share of income going towards health-related expenses.
Step-by-step explanation:
The statement that adults in poor health are more worried about paying bills is generally TRUE. Health care expenses have a significant impact on individuals' financial concerns, particularly as they age or if they are in poor health. According to the National Health Expenditures report, health care represents a greater share of income as one ages, with adults spending a more significant portion of their income on medical expenses.
People who are underinsured may not be fully aware of their vulnerability until substantial healthcare costs arise that are not covered by their insurance. For low-income adults, the stress of medical expenses, deductibles, or paying at least 5-10% of their income on healthcare costs not covered by insurance is notably high. The cost of being poor also affects the ability to manage expenses effectively, as those with fewer resources often pay more for housing and other necessities, which can compound the stress of managing health-related bills.
If insurance premiums are set at actuarially fair levels, those with chronic diseases or in older age groups may face high premiums, which can lead to increased worries over how to afford these payments alongside other living costs. Furthermore, specific demographics, such as women aged 18-44, who incur higher healthcare spending, and young male drivers, who pay more for car insurance, highlight the discrepancies in how different groups may struggle with bills related to health and wellbeing.