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Bad economy prompts many to scrimp on care, meds

By Healthcare Finance Staff

Nearly one-in-three Americans have economized on healthcare consultations and more than one-quarter have found ways to reduce spending on medications due to the ongoing economic doldrums, according to a recent survey by Euro RSCG Worldwide.

With more than 43 percent of survey respondents saying that their financial situation is worse now than it was last year, it is not surprising that many have found ways to economize on their healthcare spending.

What is surprising is that despite the lower spending, 83 percent viewed their overall health in a positive light with 22 percent saying their health has improved in the last year. That optimism also affects how people feel about their health in the future, with 27 percent expecting their health will improve and another 62 percent saying it will stay the same.

“The dire economic news just keeps coming, and clearly a lot of people have been badly affected, yet the survey results show a lot more positivity and resilience than you might have expected,” said Julie Monroid, partner and chief strategic officer of Havas Worldwide Health, the umbrella company for RSCG Worldwide, in a press release.