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.

See the full story here.

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.