Consumer healthcare spending down along with economy
Patient Financial Services Weekly Advisor, September 26, 2008
Americans are choosing to cut back on healthcare spending as one way to deal with the slumping economy, the Wall Street Journal reports.
The number of U.S. prescriptions filled dropped 0.5% in the first quarter and 1.97% in the second quarter, compared with those periods in 2007, demonstrating the first negative quarters in a decade or more, according to IMS Health data. The number of physician office visits also has been decreasing since the end of 2006, despite the expanding, aging population. According to IMS, visits dropped 1.2% between July 2007 and 2008.
To read the Wall Street Journal report, click here.
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