Fierce Healthcare May 17, 2024
Inequities in mental health across the U.S. will run the country nearly half a trillion dollars in avoidable costs through 2024—and could escalate to $1.3 trillion in 2040 if left unchecked, according to a recent report from Deloitte.
The projection, put together by the firm’s Health Equity Institute and the School of Global Health at Meharry Medical College, attributes most of the “avoidable and unnecessary expenses” to premature death ($332.2 billion in 2024) and productivity loss ($116 billion in 2024) that disparately affect certain demographics.
However, the researchers also highlighted $5.3 billion in 2024 excess costs tied to overutilization and “excessive reliance” on the emergency department for acute mental health incidents. That utilization—which also can tie up capacity and lead...
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