SOURCE: Milken Institute

Milken Institute

January 31, 2014 08:07 ET

Media Alert: New From Milken Institute: "Checkup Time: Chronic Disease and Wellness in America"

SANTA MONICA, CA--(Marketwired - Jan 31, 2014) -

Checkup Time: Chronic Disease and Wellness in America is the newest health economics research from the Milken Institute

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This is an update to our groundbreaking 2007 report, An Unhealthy America: The Economic Burden of Chronic Disease -- Charting a New Course to Save Lives and Increase Productivity and Economic Growth, which has served continuously as a source of information for journalists and policy makers.

In 2007, we quantified the economic and business costs of seven of the most common chronic diseases -- cancer (broken into several types), diabetes, hypertension, stroke, heart disease, pulmonary conditions, and mental disorders -- and the potential impact on employers, the government, and the nation's economy.

Our new report depicts the actual economic burden associated with five out of seven diseases and shows that chronic diseases cost the nation even more in recent years than we had forecast using our baseline of historical trends. The economic burden associated with five of the most common chronic diseases was $28 billion greater than we'd predicted. This unexpected cost is due to increasing prevalence of these chronic, preventable conditions among Americans. The leading driver: obesity.

There is some good news, however. Treatment expenditures per patient and heart disease prevalence are lower than the gloomiest projections in our last report. (We believe heart disease has diminished due to reduced smoking rates.) But the bad news remains: for all other diseases, the number of reported cases rose beyond the projection we based on historical trends, and actual treatment costs and productivity losses exceeded estimates.

We make recommendations for improving outcomes and reducing costs.

About the Milken Institute
A nonprofit, nonpartisan think tank, the Milken Institute believes in the power of capital markets to solve urgent social and economic challenges. Its mission is to improve lives around the world by advancing innovative economic and policy solutions that create jobs, widen access to capital and enhance health.

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