Steep Price Tag for Employees’ Poor Health (PlanSponsor)

Integrated Benefits Institute estimates health problems cost the U.S. economy $576 billion a year.

Employees’ health problems cost the U.S. economy $576 billion a year, and 39% of that total reflects lost productivity in the workplace, according to the Integrated Benefits Institute. The Institute came up with its estimate using a tool that includes such inputs as wage replacement, medical and pharmacy costs, and lost productivity.  In addition to the $227 billion in lost productivity, the total cost includes $117 billion in wage replacement for absences, workers compensation and disability, and $232 billion in medical and pharmacy costs.

 

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