NEW YORK — A report released Tuesday by a nonpartisan think tank found that the U.S. spends nearly half a billion dollars on cosmetic procedures annually, an amount that is growing more and more rapidly as more and less people are opting out of the traditional medical model of health care.
The American Academy of Pediatrics released the report in conjunction with the American Academy for Dermatology’s Annual Convention, a conference that will be held in San Diego, California, and held July 18-21.
According to the report, the average cost for cosmetic procedures in the U, excluding hospital and other out-of-pocket expenses, rose from $2,600 in 1990 to $6,000 in 2013, an increase of nearly 60%.
The average annual cost of cosmetic procedures rose from less than $50 to nearly $1,000.
The report notes that cosmetic procedures are often more costly than procedures for the skin, especially in cases where the procedure is less invasive and less costly.
The increase in the costs is largely due to the increased popularity of the cosmetic surgery industry.
According to the American Dermatological Association, cosmetic procedures have grown from a small number of procedures to more than 200,000 procedures annually.
More than half of the procedures that are performed on adults have been performed at a cost of more than $10 million.
The most common procedures are nose jobs, Botox injections, skin implants, facial surgery, laser resurfacing, and breast implants.
The costs have grown by an average of 14% a year for the last decade, but the report notes a slight uptick in 2016 as more people were willing to pay for cosmetic surgery.
It said there were more procedures performed per capita last year than at any time in the past 10 years.
More:More:The American Board of Dermatologists said in 2016 that the average annual medical expense for a cosmetic procedure was $2.5 million, or $17,000, with the majority of the costs going to cosmetic procedures that were performed at least six months ago.
The average cost of a nose job is $8,800.
The AAP report said cosmetic procedures accounted for nearly half of total annual medical costs in the United States.
The majority of procedures were done in private clinics, outpatient clinics, and hospitals.
The AAP also said that over half of all cosmetic procedures were performed in the office, which accounted for about 40% of procedures.More