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Elective surgery: An economic indicator

February 14, 2013

In an economic point of view, the last few years have been rough for many industries, including the area of plastic surgery. Still, the number of plastic surgery patients is increasing, which means that the economy is also well into recovery. As this unfolds, it seems that plastic surgery is used as an economic indicator.

 

Image Source: goinsurancerates.com

Image Source: goinsurancerates.com

 

 

Unlike kidney transplant or heart bypass surgery, plastic surgery is known as an elective procedure wherein patients don’t need to have a medical emergency to get a procedure done. Insurance companies pay for most of the essential procedures, but not the elective ones. For this reason, patients seeking elective surgeries pay out of personal funds. This is a sign that the economy is getting on its feet.

 

Image Source: news.com.au

Image Source: news.com.au

 

 

Brad Tuttle backs this up. “When the economy’s shaky and money is tight, it makes sense that fewer people elect to spend out of pocket for boob jobs, facelifts, and the like, mostly because they don’t have the money to spend. The fact that elective cosmetic procedures rose by 5% last year could be viewed as an indication that the economy is recovering.”

Slowly but surely, this means that the silver lining is beginning to pick up for the economy as consumers start to spend again.

 

 

Image Source: business.time.com

Image Source: business.time.com

 

 

Know your plastic surgery options from Satori World Medical’s website.

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