Is health care a “recession-proof” industry?
No field is immune to economic downturns, but the health industry does seem to weather recession better than most. When fortunes fade, people may stop buying cars, taking trips or eating out, but they still get injured and sick. They may postpone elective procedures, and switch from name-brand to generic drugs. But in general, health care is one of the last things people cut back on. Demographics, rather than economics, tends to drive health care employment. America’s population is aging, and older people need more health care — no matter what the economy is doing. From the New York Times (Jan.
