Need Another Sign That “Healthcare”-as-Usual Isn’t Exactly Working?
Posted on Wednesday, April 24th, 2019
We’re just going to leave this here:
Fitch Solutions highlighted how the six leading chronic illnesses — diabetes, cardiovascular disease, arthritis, Alzheimer’s disease, obesity and cancer — are affecting healthcare costs and the added burden in the future….
These leading conditions cost more than $1 trillion annually through hospitalizations, doctor visits, prescription drugs, medical devices and home care — 6% of GDP in 2016.
Those costs aren’t contained only to patients or payers. Fitch Solutions said the spend is spread across society through medical treatments, less productivity, early retirement and premature death. Indirect costs through loss of income and reduced productivity cost $3.7 trillion, according to the report, and will double in 30 years due to the aging U.S. population and the resulting hike in non-communicable diseases.