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CEO NA Magazine > CEO Life > Health > Mental health is America’s highest –but worst treated– healthcare cost

Mental health is America’s highest –but worst treated– healthcare cost

in CEO Life, Health
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Low and bad treatment for mental health continues in the U.S.

Mental health is real, and it’s costing a lot of money.

1 in 5 adults across the country deals with such conditions. However, 56% of American adults with the illness did not receive treatment.

The Huffington Post reported the United States spent an estimated $201 billion on mental disorders in 2013, and since then, it has become the most costly medical condition in the U.S.

Mental conditions have existed always, however, it was until 1986 when psychological health conditions were accounted to improve public health.

The dangerous matter is that mental health conditions continue to grow and cost the economy a ton of money. Just a decade ago, the cost of heart conditions exceeded the price of mental disorders, but tables have changed, as nearly one in four people in the U.S. will experience a mental health condition at some point in his or her life.

This problem has also resulted in a lack of seeking help, as negative perceptions surrounding mental illness often prevent people from seeking treatment, creating deadly consequences with those battling the conditions.

hcrnetwork.com
HealthCare Recruiters (2016)

No treatment equals more imprisonment and less productivity at work

Less access to mental healthcare is proven to mean a higher rate of imprisonment.

States like Alabama and Arkansas had the least access to care and the highest rate of imprisonment.

In other key findings on how mental health conditions hurt the local economy, the National Alliance on Mental Illness has shown this can result in a negative impact of businesses.

Allegedly, serious mental illnesses result in approximately $193 billion in lost earnings per year.

Approximately 11.5 days of reduced productivity are registered for every three months for an individual with depression. And 60% of America workers don’t disclose an anxiety condition to their employers, according to the Anxiety and Depression Association of America

Gathering and providing up-to-date data is the best way to take on the increasing risk of mental health as it threatens to reach a total of 238.4 billion dollars in U.S. expenditure for mental health services by 2020.

With information from HealthCare Recruiters and Mental Health America

Tags: #WorldMentalHealthDayChief Executive OfficerMentalMental health

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