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When the economy is not at its best, businesses suffer major losses. The cosmetic surgery industry, believe it or not, does not suffer quite as much. Despite negative consumer affects brought forth by a poor economy, plastic surgery remains on the rise. According to the American Society of Plastic Surgeons (ASPS), an estimated 11 million people had cosmetic surgery or a non-surgical procedure in 2006. From a facelift to a tummy tuck, breast augmentation and liposuction, plastic surgery is very sought after. Cosmetic surgery can range between $3,000 and $15,000 depending on the type of surgery performed. Most surgeries are not covered by insurance, which is why patients have to pay for the surgery out of pocket. Patients can pay for cosmetic surgery in full or opt for financing options such as ones offered by myMedicalLoan.com , which feature low monthly payments and competitive interest rates. The increase of plastic surgery occurs in such poor economic conditions mainly because of a decrease in interest rates, which helps lower consumer loan rates. Many patients do take advantage of the low interest rates provided for loans, so that they can get even more affordable financing. The lower interest rates also mean that the value of the U.S Dollar is decreased. Plenty of foreigners visit the U.S and spend money, often indulging in plastic surgery. Another reason is that when people begin to age, they turn to plastic surgery to feel good about themselves. They often take the money they’ve invested in and use it towards something positive for themselves.
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