Calculating the Financial Health Economic Impact of Weight Loss in Obese Populations
Abstract:
Health promotion programs have been constantly developed by the Health Surveillance
Agencies of many countries aiming at tackling obesity. U.S. data revealed impressive
obesity-related costs of $117 billion in 2000 - $61 billion for direct medical costs
and $56 billion for indirect costs, i.e., those related to the impact of the disease
on the country’s economy. In the UK, economic projections revealed that indirect
costs might have reached £27 billion by 2015. The majority of the educational and
preventive actions target lifestyle changes, childhood obesity and diabetes. More
than making the population aware of the benefits of healthier habits and their potential
savings, stakeholders and funders are
looking forward to better assessing the economic impact of health education programs,
which can be quantified by different methods such as the time value of money analyses,
shadow pricing, and the cost-benefit and cost-effectiveness indexes. In the specific
case of obesity as a risk factor for cardio-metabolic diseases, estimates obtained
from different analysis reveal that great amounts of money – as high as 11.2 billion
dollars – can be saved by delaying type 2 diabetes onset in 6 years, in a hypothetical
population of 2 million obese adults who have effectively lost weight. Furthermore,
in agreement with the ancient philosopher Virgil, who
quoted “the greatest wealth is health”, by living longer and healthier, people may
produce more and improve individual and familiar financial lives, thus contributing
economically to their communities and countries. The aim of this paper is to
briefly report how to assess and calculate the financial impact of public health
programs to tackle obesity.
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