Plastic surgery loans are up 30% from 2014 to 2018, says data

Plastic surgery loans are up 30% from 2014 to 2018, says data

September 9, 2021 Comments Off on Plastic surgery loans are up 30% from 2014 to 2018, says data By admin

On Thursday, the National Association of Realtors reported that the average amount of loan interest paid by plastic surgery patients rose 30% over the last year.

The figures are a stark contrast to a study from the National Consumer Law Center that found only 10% of Americans had a loan to pay for plastic surgery.

And the survey also found that the rate of plastic surgery bankruptcies rose by 24% in the same period.

In response, the Association of American Plastic Surgeons said it was concerned about the rising cost of plastic surgeries and urged lawmakers to make a concerted effort to curb the trend.

“We are deeply concerned by the rising costs of plastic and see this as an important step in our ongoing fight against the rising health care costs and rising health-care costs for consumers,” said Alan S. Miller, the group’s president and chief executive.

“While we understand the importance of lowering costs, we also understand that this trend can only be stopped if consumers are made aware of the high prices, and that is why we call on the federal government to provide a level playing field to prevent consumers from paying high prices for unnecessary surgeries.”

Plastic surgery is now more popular than ever, with an estimated 1.1 million surgeries performed annually, according to a report from the American Academy of Pediatrics.

About one in four Americans have a loan from a lender, and some of the biggest lenders are banks and insurance companies, which are expected to add another 5.6 million new loans to their portfolios in the next year.

But the cost of surgery is rising quickly.

The average amount for a plastic surgery loan in 2017 was $10,700, according the Association for Medical Progress, an advocacy group that released a series of videos that alleged doctors are using risky procedures on patients.

Last month, the House Financial Services Committee voted to block a bill from the White House that would have prevented banks from taking on too many more loans to cover the costs of surgeries.

A group of senators has also introduced a bill to limit the number of people with plastic surgery debt, and the White, Democratic and Republican members of the panel have voted in favor of the measure.

The Associated Press reported Thursday that the industry has become a big player in the health care debate, with insurers like Aetna, Aetos Health, Cigna, UnitedHealth Group and Cignus joining a coalition to push for legislation that would prevent lenders from issuing more loans for cosmetic surgery.

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