Dental economy slowed in 2013
According to ADA News, government actuaries reported that the dental economy took a sharper hit from the Great Recession and is slower to recover than other sectors of the health care economy.
Dental spending will grow over the next decade albeit at a slower pace than hospital, physician and other health services measured by the Centers for Medicare & Medicaid Services and reported by the journal Health Affairs as a Web First article.
For 2013, national health spending growth overall is expected to remain low at 3.6 percent “as a result of the sluggish economic recovery,” the report said. But the projected growth in dental spending in 2013 is just 1.9 percent, the only health services sector projected to have less than a 2 percent growth rate in 2013 and less than the actual dental growth rate in 2012.
Has the slow dental economy affected you?