dial with arrow indicator and word Health Photo: Shutterstock)

New research published by Deloitte suggests that health inequities don’t just make it harder for people to access health care treatment – they also create significant financial costs. In a new analysis, actuaries estimate that the current burden of health inequities currently sits at $320 billion in annual spending, and say that number could rise to as much as $1 trillion by 2040.

The research examines the burden of inequities for various groups, including people of different races, genders, and socioeconomic statuses. By exploring the differences in disease figures amongst these demographics, actuaries were able to estimate what percent of total disease spending was due to inequities.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

 

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2022 ALM Global, LLC. All Rights Reserved.