Americans spend $33.9 billion a year on alternative medicine

In a time of trillion-dollar stimulus packages and billion-dollar bailouts, what once seemed like staggering amounts of money now sound almost ordinary. Even so, it got my attention when I read that Americans spend $33.9 billion a year on complementary and alternative medicine. That’s $33.9 billion out of people’s own pockets, not counting anything paid for by insurance companies, and not counting money spent on vitamin or mineral supplements.

It’s about the same as Canada’s total drug bill for a year. It sounds less sensational when you work out that every adult in the U.S. spends just shy of $150 each year, but even so, it’s clear that alternative medicine is a huge industry… more

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