Market Overview

Chronic Mental Health Conditions Could Cost States up to $3.5 Trillion

Share:





A recent study conducted by IHS Markit and commissioned by the Partnership
to Fight Chronic Disease
(PFCD), has found that chronic mental
health conditions are increasingly prevalent and burdensome across the
U.S. and if not addressed could cost up to $3.5 trillion by 2030 - $3.4
trillion in medical costs and another $140.8 billion in societal costs.
The research has a particular focus on state-covered populations and
found that 41 percent of adults with state-funded coverage, or 15.9
million U.S. adults, have at least one mental health condition.

There is a strong connection between mental health and other chronic
conditions. The Centers for Disease Control and Prevention (CDC)
estimate that only about 17 percent of adults in the U.S. are considered
to be in a state of optimal mental health. Not surprisingly, chronic
conditions including arthritis, cancer, diabetes, depression and heart
disease, affect one in two Americans, and increasingly, people live with
two or more chronic conditions. There is a great deal that can and must
be done to reverse these trends. The month of May is Mental
Health Month
and an important time to raise awareness of the broad
impact of mental health conditions throughout the U.S.

The IHS/PFCD
research
also estimates that potential savings in medical and
societal costs could amount to $22.8 billion per year, or $342 billion
by 2030. Like other chronic conditions, mental health conditions
contribute heavily to productivity losses, but can also exacerbate
unemployment, substance abuse, homelessness and even incarceration.
There are, however, several opportunities for change that could confront
such issues – raising awareness to address stigma, promoting the
benefits of early identification and intervention, improving integration
of medical and mental health care, especially for treatment adherence,
and enhancing coverage for mental health treatment and services.

"The challenges facing Americans with mental health conditions are far
too encompassing, issues with stigma, access to and coverage of quality
care are all obstacles within our health care system that must be
addressed. It is critical that all stakeholders proactively band
together and take these issues head on in order to improve not just
mental health, but overall wellness in an effort to reduce the human and
economic toll of costly chronic conditions," said PFCD Chairman Ken
Thorpe.

The Partnership to Fight Chronic Disease (PFCD) is an international
of hundreds of patient, provider, community, 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: chronic
disease. Learn more by visiting
www.FightChronicDisease.org.

View Comments and Join the Discussion!