Credit & Debt Mortgage Auto Credit Cards Industry News Taxes Insurance Cash Advance
Home > Industry News > Consumers cutting back on healthcare spending
Consumers cutting back on healthcare spending
9/22/2008 5:05:36 PM
Bruce Parker

<alt/>
Amid the continued economic turbulence, US consumers, many of whom are struggling with debt, are cutting back the amount they spend on healthcare, it has been revealed.

According to data from the market researcher IMS Health, spending on doctors' appointments, prescription drugs and preventative tests is under pressure.

Citing a recent survey by the National Association of Insurance Commissioners, the Wall Street Journal reports that 22 per cent of consumers are visiting the doctor less often as they look to save money, while 11 per cent are spending less on prescriptions.

However medical experts warn that by ignoring healthcare problems, US citizens could be risking more serious complications later.

Consumers struggling to meet healthcare costs could consider pay day loans to fund a doctor's visit ahead of their next pay check.

Meanwhile, medical professionals have told USA Today that debt problems could lead to physical illness as a result of increased stress and anxiety.
ADNFCR-1683-ID-18791360-ADNFCR



-----------------------------------------------------------------------

Related Articles:
   03/03/2009   Mortgage payments a probl...
   02/27/2009   Latest economic figures o...
   03/05/2009   Economy invites talk of a...
   03/04/2009   With discipline, you can ...
   03/03/2009   Consumers not saving as m...
   03/02/2009   Consumer savings, expendi...
   02/27/2009   Economic troubles showing ...

News Archives
   March 2009

   February 2009
   January 2009
   December 2008
   November 2008
   October 2008
   September 2008
   August 2008
   July 2008
   June 2008

     

Home | Credit & Debt | Mortgage | Auto | Credit Cards | College Financing | Taxes | Insurance | Cash Advance
Industry News | Tips & Articles | About Us | Contact Us | Resources | Privacy Policy | Unsubscribe