Employee Benefit Advisor November 4, 2019
Mental health concerns have become a top priority for employers over the last few years and with good reason. Conditions such as anxiety and depression can cost the global economy $1 trillion each year in lost productivity, according to the World Health Organization.
When an employee is suffering from a mental health disorder in addition to another illness, the direct cost of the other health conditions can run three times as much on average, per data from Milliman. In fact, less than 20% of the costs of mental illness are reflected in the direct costs of treatment, according to the World Economic Forum. To make matters worse, suicide rates have been climbing over the past decade and per the National...
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