Navigation Links
Annual Economic Impact of Chronic Disease on Ohio Economy is $56.8 Billion

Impact not inevitable with improved treatment and prevention of chronic


CLEVELAND, March 20 /PRNewswire-USNewswire/ -- In a groundbreaking study released by the Milken Institute, the annual economic impact on Ohio's economy of the most common chronic diseases is calculated to be $56.8 billion. In the U.S. as a whole, the cost is a staggering $1 trillion, which could balloon to nearly $6 trillion by the middle of the century. Yet the news is not entirely grim because much of this cost is avoidable.

"An Unhealthy America: The Economic Burden of Chronic Disease" brings to light for the first time what is often overlooked in the discussion of the impact of chronic disease -- the economic loss associated with preventable illness and the cost to the nation's Gross Domestic Product (GDP) and American businesses in lost growth.

The results of the study were released at a joint forum hosted today by the Cleveland Clinic, University Hospitals, Rainbow Babies & Children's Hospital, the City of Cleveland Health Department and Cuyahoga County Board of Health, and the Ohio chapter of the Partnership to Fight Chronic Disease.

"The human toll of chronic disease in Ohio and the United States as a whole is obvious," said Matt Carroll, Health Director for the City of Cleveland. "The data presented by the Milken Institute today highlights the true cost burden of our failure to address chronic disease. We must reduce the rate of chronic disease to avoid potentially devastating economic damage to our state and nation."

According to the study, seven chronic diseases -- cancer, diabetes, hypertension, stroke, heart disease, pulmonary conditions and mental illness -- have a total impact on Ohio's economy of nearly $56.8 billion annually. Of this amount, $43.4 billion represents the cost of lost productivity. The national numbers are $1.3 trillion and $1.1 trillion, respectively.

"By investing in good health, we can add billions of dollars in economic growth in the coming decades," said Ross DeVol, Director of Health Economics and Regional Economics at the Milken Institute and principal author of the report. The good news is that with moderate improvements in prevention and early intervention such as reducing the rate of obesity, the savings to the economy would be enormous."

The study is the first of its kind to estimate the avoidable costs if a serious effort were made to improve Americans' health. Assuming modest improvements in preventing and treating disease, Milken Institute researchers determined that by 2023 the nation could avoid 40 million cases of chronic disease and reduce the economic impact of chronic disease by 27 percent, or $1.1 trillion annually. They report that the most important factor is obesity, which if rates declined could lead to $60 billion less in treatment costs and $254 billion in increased productivity.

Looking even further ahead, the report measures the possible cost to future generations if escalating disease leads to lower investments in education and training. In a snowball effect, the report warns, this loss of human capital and skill building could reduce the nation's economic output by as much as $5.7 trillion in real GDP by the year 2050.

In addition to providing national numbers, the report estimates current and future costs for each of the 50 states. According to the study, by making reasonable improvements in preventing and managing chronic disease, Ohio can avoid 1.5 million cases of chronic conditions in 2023 and reduce future economic costs of disease in Ohio sharply, by 27% ($40 billion). $32 billion of this would come from gains in productivity, and almost $9 billion would come from reduced treatment spending.

To reduce the human and economic cost of disease, the Milken Institute calls for:

-- More incentives to promote prevention and early intervention, and;

-- A renewed national commitment to achieve a "healthy body weight."

The report was created by researchers from the Milken Institute and was supported with a grant from the Pharmaceutical Research and Manufacturers of America (PhRMA), both of whom are partners in the PFCD.

"This study is a call to action. It's time for Americans to call for a change in how we effectively fight chronic disease. Chronic disease is a crucial driver of health care costs, and its rates are rising. We need to reverse this trend and we need to do it now. It's common sense," says PhRMA president and CEO Billy Tauzin.

The full report is available at and An interactive Web site with complete national- and state-level data for each of the chronic diseases is available at

About the Milken Institute: The Milken Institute is a nonprofit, independent economic think tank whose mission is to improve the lives and economic conditions of diverse populations around the world by helping business and public policy leaders identify and implement innovative ideas for creating broad-based prosperity. It is based in Santa Monica, CA. (

About The Partnership to Fight Chronic Disease: The Partnership to Fight Chronic Disease is a national coalition of patients, providers, community organizations, business and labor groups, and health policy experts committed to raising awareness of the number one cause of death, disability, and rising health care costs in the U.S.: chronic disease.

SOURCE The Partnership to Fight Chronic Disease; The MilkenInstitute
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. NARSADs 5th Annual Mission Possible Symposium Offers Insight to PTSD and Other Mental Illnesses
2. Mirion Technologies to Showcase New Product Offerings for the Nuclear Industry During 10th Annual China International Nuclear Industry Exhibition
3. Abaxis, Inc. to Present at the Sidoti & Company Twelfth Annual New York Emerging Growth Institutional Investor Forum
4. ULURU Inc. to Present at Cowen and Company 28th Annual Health Care Conference 2008
5. Transdel Pharmaceuticals to Present at Cowen and Companys 28th Annual Health Care Conference
6. Flagship Global Health Announces Annual Meeting
7. Transition Therapeutics to Present at Cowen & Company 28th Annual Healthcare Conference
8. Covance to Present at Lehman Brothers 11th Annual Global Healthcare Conference
9. West Pharmaceutical Services to Present at the Lehman Brothers Eleventh Annual Global Healthcare Conference
10. Exelixis Announces March 19 Webcast of Presentation at the Lehman Brothers Annual Global Healthcare Conference
11. Edwards Lifesciences to Present at the Citi 5th Annual Small and Mid-Cap Conference
Post Your Comments:
(Date:11/27/2015)... Angeles, CA (PRWEB) , ... November 27, 2015 , ... ... conversation at the recent 2015 American Dental Association meeting in Washington D.C. revolved around ... help protect a patient’s overall health. The talk stressed the link between periodontal disease ...
(Date:11/27/2015)... ... 27, 2015 , ... An inventor, from Hopkinsville, Ky., thought ... at home, so he invented the patent-pending ELECTRONIC M.D. , The ELECTRONIC M.D. ... doing so, it could help to prevent potential overdose situations. As a result, ...
(Date:11/27/2015)... ... November 27, 2015 , ... MPWH, the No.1 Herpes-only dating community in the world, revealed ... 1-1 ). More than 3.7 billion people under the age of 50 – or ... to WHO's first global estimates of HSV-1 infection . , "The data shocks us ...
(Date:11/27/2015)... ... November 27, 2015 , ... Keeping ... platform for mental health and wellness consultation, has collaborated with a leading web-based ... the knowledge gap experienced by parents and bring advice from parenting experts within ...
(Date:11/27/2015)... ... November 27, 2015 , ... Indosoft ... announces the incorporation of Asterisk 11 LTS (Long Term Support) into its Q-Suite ... LTS brings Q-Suite 5.10 up-to-date with a version of Asterisk that will receive ...
Breaking Medicine News(10 mins):
(Date:11/25/2015)... N.C. , Nov. 25, 2015 ... the planned investment of at least $15.8  Million ... Wilmington, NC . The expansion ... capacity to meet the growing demands of the ... site expansion will provide up to ...
(Date:11/25/2015)... , Nov. 25, 2015  Henry Schein, Inc., the ... to office-based dental, medical and animal health practitioners, will ... the Henry Schein ConnectDental® Pavilion , which brings ... of open solutions designed to help any practice or ... here for a schedule of experts appearing at ...
(Date:11/25/2015)... 25, 2015  Trovagene, Inc. (NASDAQ: TROV ), ... Chief Executive Officer Antonius Schuh, Ph.D., is scheduled to ... Annual Piper Jaffray Healthcare Conference. th ... Palace Hotel in New York ... Mr. Schuh will be available for one-on-one meetings during ...
Breaking Medicine Technology: