Americans now spending BILLIONS on natural health remedies including superfoods and homeopathy, while denouncing Big Pharma’s failed medicine
by: Isabelle Z.
NaturalNews.com
Monday, July 25, 2016
As more and more Americans are starting to realize that conventional medicine does not hold the answers to their problems, their spending on natural health remedies is rising. In fact, a study that was recently released by the National Center for Health Statistics (NCHS) shows that Americans spend $30.2 billion on complementary health approaches each year. When you consider the fact that they spend $328.8 billion on out-of-pocket health expenditures overall, the significant portion of health-related spending occupied by alternative remedies becomes quite clear.
The study used data from the 2012 National Health Interview Survey, which was then weighted to come up with estimates that more accurately represent the nation’s population at large.
According to the researchers, one out of every five Americans over the age of 4 spent money on at least one complementary health approach. Some of the treatments that fall under this category include tai chi, massage therapy, homeopathic treatment, energy healing therapy, chiropractic manipulation and hypnosis.
Natural product supplements like fish oil, probiotics and digestive enzymes were more popular than visits to alternative health practitioners. This type of expense is not typically covered by health insurance, which means that families who have higher incomes tend to use them more often than those in lower income brackets.
Another interesting finding was that the $12.8 billion spent on natural product supplements alone in 2012 is equal to about a quarter of the amount of money spent on prescription drug use that year, which was $54 billion.
Complementary healthcare users aged four and older spent $510 per year on average on these approaches.
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