Health Insurance References

Their knees always go first. And the gums. That is what the hospitals, physicians, and a dentist always says, noting an unusual leading indicator warning them a recession is on the way.

Demand for an elective procedures such as knee replacements and gum surgery invariably rises whenever people are worried about losing their jobs—and their health insurance too. It is very much accepted wisdom in the financial world that health care, the largest sector of the economy is the most recession-proof. The thinking is of that people get sick no matter what’s happening to the economy. And that premise holds true to an extent for the pharmaceutical and biotechnology industries, whose drugs are always in demand.