Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Health Insurance

Lost your health insurance? Take vitamins

X
Your article was successfully shared with the contacts you provided.

Not to be flip, but it’s a growing trend, and one reason the vitamin industry is booming among boomers. According to an October 29th article from Slate.com:

“The reasons for the growth are threefold:

  1. Americans are becoming more focused on their health and are adopting healthier lifestyles by cutting back on bad habits, such as smoking, drinking sodas and consuming high-calorie treats. They are increasingly incorporating vitamins and mineral supplements into their diets.
  2. As Americans are losing many of their health insurance benefits they are looking at vitamins and mineral supplements as affordable alternatives or substitutes to costly prescription medications.
  3. Baby Boomers, who have become an undeniable economic force in recent history, are becoming more obsessed with their health and wellness, accounting for a 4.9 percent increase in supplements sales between 2001-2008, and the figures are likely to rise, according to the Nutrition Business Journal.”

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.