Numbers Don't Lie
1 in 3 people in the U.S are clinically obese and associated medical costs exceed $150 billion. Annual health spending is projected to grow 5.8% until 2024. Medical costs for people who are obese were $1,429 higher than those of normal weight.
Diabetes is another rising health risk for workers, and expensive for employers. Annually, an employee with diabetes will cost $13, 243 on average, while an employee without diabetes costs only $2,560 on average.
About 92.1 million American adults are living with some form of cardiovascular disease or the after-effects of stroke. Direct and indirect costs of cardiovascular diseases and stroke are estimated to total more than $316 billion; that includes both health expenditures and lost productivity.
Chronic pain affects more than 116 million U.S. residents and, according to the Institute of Medicine, costs up to $635 billion a year in medical treatment and lost productivity--much of which cost is borne by employers.
While the number of people who smoke has gone down over the years, according to the CDC, 40 million Americans adults still smoke. Workers who smoke cost the US an estimated $278 billion annually in lost productivity and extra healthcare costs. Healthcare costs to employers for smokers are about $2,056 per year more than the costs for nonsmokers.
Depression is also linked with unhealthy stress - and health care expenditures are nearly 50% greater for workers who report high levels of stress. Depression costs employers over $44 billion annually in lost productivity, 81% due to poorer on-the-job performance.
Many studies have shown that employees with lower levels of fitness and health miss more days of work than their healthier co-workers. A Gallup poll reported that employees who said they were overweight or obese with three or more chronic conditions recorded over 3 “unhealthy” days per month--an average of 42 days per year, totaling $81 billion in lost profits.
The Center for Disease Control and Prevention also states that healthier employees are less likely to call in sick. Employees do want well-being programs. They are 3.5 times more likely to stay with a company that offers a program that promotes health.
Healthy employees simply cost less to employ. According to a 2014 study, employees who consider themselves happy are a solid 12% more productive
Investing in holistic wellbeing just makes sense. There is so much more to gain with employees who want to be healthier.
Together, allow Healthy Living & Healing Wellness to work with you for a healthier workforce.