A survey in Australia has found that baby boomers are not prepared for health coverage.  Fujitsu Consulting polled 6000 Australians aged between 45 and 64 and discovered that four million Aussie’s either had chosen not to purchase health insurance or they could not afford to purchase it.

Those with private insurance however, stated that they were ‘very worried’ about paying for it as it increased to 42% in the past three months.

A second study then found that the primary reason as to why so many baby boomers faced a health insurance panic was due to the drop in superannuation returns. 83% said that their super performance would be hit by financial conditions such as the credit crunch and falling property prices.

Jeff Smoot director of Fujistu said that people were more worried about their superannuation than health insurance, so they are not saving up for the policy. Smoot said that this will have a negative affect because it will place enormous pressure on the already bursting health system.