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

See the full story here.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

© 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.