OPINION: You'd think that in the middle of the coronavirus pandemic, health care spending would be booming. You'd be wrong.
Estimates released by the Commerce Department on Wednesday show that consumers’ spending on health care plunged at an 18% annual rate in the first quarter of the year, as many hospitals and clinics canceled almost all noncritical procedures to clear the way for coronavirus patients.
There’s even evidence that even desperately sick people avoided the doctor and the hospital, perhaps out of fear that they would contact COVID-19.
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