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Alternative Medicine Has Become A $30 Billion Industry

By Staff Curator / September 16, 2016

Do you spend more on alternative medical therapies?

By: Jenn Savadge (mnn.com) – Alternative medicine is big business in the U.S. A 2016 report found that Americans spent more than $30 billion on alternative therapies in 2012. That includes treatments such as homeopathy and acupuncture as well as supplements, yoga and meditation.

The report, released jointly by the National Center for Complementary and Integrative Health (NCCIH) and the Centers for Disease Control and Prevention, found that 59 million Americans sought out some type of alternative therapy. Most of the alternative therapies are being used by adults, not children, the researchers found. Of the $30.2 billion, about $28 billion was spent on adults, compared to $1.9 billion for children.

Researchers estimated that one out of five Americans spent money on at least one type of alternative therapy, which could include practices such as Ayurveda, biofeedback, chelation therapy, chiropractic manipulation, energy healing therapy, tai chi, hypnosis, naturopathy, progressive relaxation and massage therapy.

Overall, spending on alternative remedies amounted to just around 9 percent of out-of-pocket healthcare expenditures. But the report found that Americans with lower incomes were shelling out…



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