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Why tackling diabetes will boost economic growth

This is an excerpt of an article from :www.weforum.org

Diabetes affects over 415 million people in the world. In 2012, diabetes was the direct cause of 1.5 million deaths. Meanwhile, more than 80% of diabetes deaths occur in low- and middle-income countries. According to projections, if governments, private sector and civil society do not take concerted action to curb this epidemic, the numbers of people affected by diabetes will rise to 642 million by 2040.

Tackling diabetes will foster socio-economic growth. Why?
Healthy populations are cheaper for governments. Healthcare expenditures on diabetes accounted for 11.6% of the total healthcare expenditure in the world in 2010.
People with diagnosed diabetes, on average, have medical expenditures approximately 2.3 times higher than those without.

Most of the cost for diabetes care in the U.S. (62.4%) is provided by government insurance (including Medicare, Medicaid, and the military). The rest is paid for by private insurance (34.4%) or by the uninsured (3.2%). The cumulative costs of diabetes are even more alarming in emerging economies. Between 2012 and 2030, India is expected to lose $140 billion, Indonesia $200 billion and China $590 billion.

5 reasons why tackling diabetes will boost economic growth

LSFM4LIFE’s insight

Tackling diabetes, which affects over 415 million people worldwide, doesn’t just help people to live healthier lives. It’s also good for the global economy.

Indeed, healthcare expenditures are a burden for countries’ economy and a healthy population is cheaper for governments. Chronic diseases and non-communicable diseases (NCDs) like diabetes is a big part of these expenses.

Related links

5 reasons why tackling diabetes will boost economic growth
Beat Diabetes – LSFM4LIFE