The lack of productivity that accompanies the onset of diseases and other health conditions may deprive the U.S. economy of $1.4 trillion annually, a new report sponsored by the Advanced Medical Technology Association concludes.
“It’s obvious that disease and productivity are intrinsically linked,” report contributor Bryan Luce of the United BioSource Corporation (UBC) said during a presentation Monday marking the reports’ release. “[Disease is] obviously important to GDP if it’s important to productivity.”
The report estimates that cancer is responsible for the loss of $306 billion in productivity with substance abuse detracting an additional $225 billion. The study also highlighted billions in losses from hypertension, heart disease, and mental problems.
The report’s contributors explained that the data shows the need for further investment in preventative treatment, arguing that an aggressive prevention program is needed.
“There is a rationale for a national program on the order of putting a man on the moon,” report contributor Greg de Lissovoy of UBC said. “Certainly health care reform and better access to care...will make a great contribution to this.”
$1.4 Trillion Lost Annually Due To Illness, Study Estimates
“It’s obvious that disease and productivity are intrinsically linked,” report contributor Bryan Luce of the United BioSource Corporation (UBC) said during a presentation Monday marking the reports’ release. “[Disease is] obviously important to GDP if it’s important to productivity.”
The report estimates that cancer is responsible for the loss of $306 billion in productivity with substance abuse detracting an additional $225 billion. The study also highlighted billions in losses from hypertension, heart disease, and mental problems.
The report’s contributors explained that the data shows the need for further investment in preventative treatment, arguing that an aggressive prevention program is needed.
“There is a rationale for a national program on the order of putting a man on the moon,” report contributor Greg de Lissovoy of UBC said. “Certainly health care reform and better access to care...will make a great contribution to this.”