The elderly are skimping on care

About 1 out of 5 older Americans are cutting back on health care spending, according to Employee Benefit Research Institute.

They are buying more generics (good), splitting or reducing dosages (not so good), and delaying or skipping physician appointments (likely pretty bad). About 1 out of 3 who are cutting back say they are in poor health.

This happens in a bad economy, when people need to decide which essential expenses can wait. However, skimping or eliminating health care is rolling the dice on health and risking more costly care later on.