A nation in crisis

Today, the U.S. is in the midst of a mental health epidemic, with recent studies showing that more than 1 in 5 U.S. adults is currently living with a mental illness, according to the Centers for Disease Control and Prevention (CDC). The extent of this crisis is reflected in the country's workforce; the 2024 Large Employer Health Care Strategy Survey reports that a staggering 77% of employers witnessed a surge in mental health concerns among their employees in 2023, up from 44% reported in 2022.

The economic toll of this mental health epidemic is significant; the World Health Organization estimates its cost to the global economy at $1 trillion annually. These numbers underscore the pressing need for employers to prioritize mental health initiatives and create healthier, more supportive work environments for their employees.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance 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.