It’s no secret that health care costs are continuing to rise. In fact, U.S. health care costs are among the highest in the world, totaling 15.3% of the gross domestic product. What’s more startling is that unhealthy behaviors and preventable disease account for roughly 75% of our health care costs each year! Over $33 billion in medical costs and $9 billion in lost productivity costs can be attributed to poor nutrition that results in heart disease, cancer, stroke and diabetes. Multiple studies indicate that a combination of prevention, early detection and chronic disease management is the long term solution. According to independent economic think tank Milken Institute, appropriate preventive care could reduce the number of cases of chronic disease by 40 million – and the economic impact of disease by 27%, or $1.1 trillion annually, by 2023.
Historically, our medical practices have provided reactive care–we wait until we become sick and then we’re treated. But this method leads to costly and sometimes ineffective treatments. To combat rising medical costs a commitment to proactive preventive care has the power and potential to stop chronic diseases before they become serious health and financial burdens. Currently:
- More than 1.7 million Americans die of a chronic disease each year, accounting for about 70% of U.S. deaths.
- Five chronic diseases–heart disease, cancer, stroke, chronic obstructive pulmonary disease (e.g., asthma, bronchitis, emphysema) and diabetes–cause more than two-thirds of all deaths each year.
- Chronic disease is not just an issue among older adults. One-third of years lost before age 65 are due to chronic disease.
- Obesity alone now accounts for 9.1% of all medical spending–$147 billion in 2008.
- More than 125 million Americans live with chronic conditions and millions of new cases are diagnosed each year.
So why don’t we do more to avoid this dangerous epidemic? Why haven’t Americans sufficiently changed their lifestyles to reduce their risk of death or illness? Governments, employers, providers and consumers are now beginning to realize that the best strategy to control health care costs is to address the underlying factors that contribute to the population’s – or more specifically – your employees’ – health.
Employers making an investment in wellness can reap rewards. According to Aon Consulting’s 2008 Benefit and Talent Survey, employers acknowledge that improved employee health reduces disability and absenteeism, leading to increased workforce productivity. Survey respondents plan to increase their wellness initiatives and reported the following.
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