Now comes yet another study on the cost savings opportunities of prevention efforts in two areas – high blood pressure and diabetes. The study authors concluded that reducing the prevalence of diabetes and high blood pressure by five percent would save the nation about $9 billion a year in the short term. In addition, conditions related to those health problems would also be reduced, which would increase the savings to about $24.7 billion a year in the medium term.
The study was conducted using 2003-2005 data from the Medical Expenditure Panel Survey. Study results were released on-line on November 18, and are scheduled to be published in the January print issue of the American Journal of Public Health.
This is data that can be the foundation for designing (and marketing) prevention programs. For more on the evolving wellness and prevention market, check out these recent articles by our team:
- Market Opportunity in Prevention Programs: Reform Creates New Market Niche for Prevention (available to premium OPEN MINDS Circle members)
- New Science Changing The 'Perceived Value' of Prevention & Early Intervention (available to all OPEN MINDS Circle members)
- Mental Illness & Addiction Prevention & Treatment Critical to U.S. Health Reform (available to premium OPEN MINDS Circle members)
- UnitedHealth Group Launches Diabetes Prevention & Control Alliance With Partners Walgreens & YMCA of the USA (available to premium OPEN MINDS Circle members)
- J&J to Grow New Wellness & Prevention Business as Part of Consumer Division (available to premium OPEN MINDS Circle members)