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Dentists are hurting
“Dental economy slowed in 2013 – Washington — The dental economy took a sharper hit from the Great Recession and is slower to recover than other sectors of the health care economy, government actuaries said in a report projecting 2013-2023 national health expenditures. 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.”
By Craig Palmer
[ADA News, September 4, 2014]
http://www.ada.org/en/publications/ada-news/2014-archive/september/dental-economy-slowed-in-2013
Palmer adds: “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.”
It is only marginally reassuring to hear it’s not just my practice which is suffering.
The good news is, CMS predicts that this slowness we are experiencing should only last another 9 years.
D. Kellus Pruitt DDS
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