Thursday, July 29, 2010

Americans Cut Back on Visits to Doctor

From an article in the WSJ:
"People just aren't using health-care like they have," said Wayne DeVeydt, WellPoint Inc.'s chief financial officer, in an interview Wednesday. "Utilization is lower than we expected, and it's unusual."

But from a reader comment:
"Wow - it is shocking that when a consumer has to pay more for a service or all of the cost that the usage would go down. Remember Econ 101 in College? Supply & demand curves - price goes up and demand declines. It is easy to spend someone else's money."

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