In the initial stages of the COVID-19 pandemic, as businesses closed and states put stay-at-home orders in place for all but essential outings, the health care industry took a hit. More specifically, during the month of April, Americans spent 24.3% less on health care compared to April 2019--the least the country has seen since July 2013.

According to the latest report from Altarum, health care spending declined in all major categories except for prescription drugs and nursing home care during the month of April. Meanwhile, dental services spending plunged a whopping 60.8%.

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Emily Payne

Emily Payne is director, content analytics for ALM's Business & Finance Markets and former managing editor for BenefitsPRO. A Wisconsin native, she has spent the past decade writing and editing for various athletic and fitness publications. She holds an English degree and Business certificate from the University of Wisconsin.