News Life and Health12 Mar 2018

Australia:Poor health costs economy US$129 bln a year

12 Mar 2018

Health has become a A$164 billion (US$129 billion) drag on the Australian economy in the past year alone. For the first time, the cost to the Australian economy of obesity and mental health propelled the total cost of declining health outcomes to A$40 billion per quarter, according to the latest Lateral Economics wellbeing index commissioned by Fairfax Media.

In Australia, mental health decline and higher levels of obesity are increasing faster than the benefits of improved life expectancy and preventable hospitalisation of people with chronic conditions, such as diabetes and heart disease.

"This concludes an unprecedented benchmark where 2017 was the first year that the health sub-index reduced overall wellbeing by more than A$40 billion for each consecutive quarter," the research found.




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