INSIGHTS AND PERSPECTIVES

WASHINGTON — Consumer spending could drop by almost $200 billion next year while depressing real consumer-spending growth by 1.7% if middle-class taxes rise in response to the fiscal cliff, according to a report released Monday by a White House economic team.

WASHINGTON — Many health insurance plans are failing to provide coverage mandated by the healthcare reform law for treatments to help smokers and other tobacco users quit, the Campaign for Tobacco-Free Kids reported Monday, citing a study of insurance contracts by Georgetown University researchers that the group commissioned. 

The American Academy of Nurse Practitioners and the American College of Nurse Practitioners will merge the organizations effective in January. With approximately 40,000 members, the new organization, the American Association of Nurse Practitioners, or AANP, will serve as the largest professional membership organization in the country for nurse practitioners of all specialties.

WAUKESHA, Wis. — More than a quarter of adults have discussed health information online, and almost a third have changed their behavior as a result, according to a new survey.

Harris Interactive released results of a survey of 2,133 adults conducted online in mid-October on behalf of GE Healthcare that found that while social media can help improve health, non-users cite privacy as a barrier to further engagement.

More than 80 RediClinic employees and their families lost a total of 700 lbs. while participating in a companywide competition modeled after its Weigh Forward weight-loss program.

ARLINGTON, Va. — More than half of U.S. adults plan to buy holiday gifts during Thanksgiving weekend, according to a new survey from the Consumer Electronics Association.

The survey found that 60% will buy gifts during Black Friday weekend, with the average adult planning to spend $218 between Thursday and Monday, compared with $159 last year. At the same time, the "fiscal cliff" may affect their holiday spending. Overall, consumers plan to spend $842 on gifts this year.

During Fred's third-quarter earnings call, the company told analysts it was testing a new, smaller format drug-dollar store concept and that its partnership with Diplomat was creating new clinical capabilities for the chain, which still sees pharmacy as a major growth opportunity. 

NASHVILLE, Tenn. — While sale prices may attract many consumers to products, for others, they may denote lower quality, a new study suggests.

The study, conducted by Vanderbilt University marketing professor Steve Posavac and others, and set for publication in the Journal of Consumer Research, found that consumers use a series of theories when considering the relationship between value and price.