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Chronic Cost of Chronic Disease

[4 Oct 2011 | No Comments | | Author: ]
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Guest Post Courtesy of the Xtend-Life Blog

US$47 Trillion. That’s 47 million million or 47 thousand billion, as in $47,000,000,000,000. An unimaginable sum. But real. It represents the global estimated cost of treating the five most common, Non-Communicable Diseases (NCDs) — cancer, diabetes, heart disease, lung disease, and mental health disorders between now and 2030. To put this astronomical $47 trillion figure into perspective, consider the fact that the current US national debt is ‘just’ under $15 trillion. In other words, the entire global gross domestic product (GDP), which represents the final value of all goods and services produced, was $63 trillion in 2010. Based on WEF figures, global treatment costs for the “big five” non-communicable diseases will represent a shocking 75% of the current global GDP by 2030. In fact ,according to a new report released by the World Economic Forum (WEF)  ,experts warn that if nothing is done to curb this escalating healthcare crisis, the global economy will most certainly collapse due to insurmountable financial insolvency. Olivier Raynaud, senior director of health at the WEF said: “Until now, we’ve been unable to put a figure on what the World Health Organisation (WHO) calls the ‘world’s biggest killers.’ This study shows that families, countries and economies are losing people in their most productive years

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Chronic Cost of Chronic Disease

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