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Marriott Philadelphia Downtown, Meeting Room 309
National Economic Association
The Economic Case or Health Equity
Friday, Jan. 5, 2018 10:15 AM - 12:15 PM
- Chair: Samuel L. Myers Jr., University of Minnesota
The Economic Case for Health Equity in Minnesota
AbstractIn 2014, the Minnesota Center or Health Statistics reported that Minnesota has among the best average health outcomes in the nation. However, these health outcomes are not evenly distributed. Many racial and ethnic populations and recent immigrant communities report persistent poor health which is not explainable with personal health behaviors alone. In order to advocate for targeted strategies to improve health, communities are supporting the social equity argument for health by making the economic case for addressing health inequity. This paper identifies health disparities in Minnesota according to race, ethnicity, and national origin, identifies the economic cost of these disparities, and provides a framework or identifying the degree to which social determinants of health contribute to the disparity.
Estimating the Economic Burden of Racial Health Inequalities in the United States
AbstractThe primary hypothesis of this study is that racial/ethnic disparities in health and health care impose costs on numerous aspects of society, both direct health care costs and indirect costs such as loss of productivity. The authors conducted three sets of analysis, assessing: (1) direct medical costs and (2) indirect costs, using data from the Medical Expenditure Panel Survey (2002-2006) to estimate the potential cost savings of eliminating health disparities for racial/ethnic minorities and the productivity loss associated with health inequalities for racial/ethnic minorities, respectively; and (3) costs of premature death, using data from the National Vital Statistics Reports (2003-2006). They estimate that eliminating health disparities for minorities would have reduced direct medical care expenditures by about $230 billion and indirect costs associated with illness and premature death by more than $1 trillion for the years 2003-2006 (in 2008 inflation-adjusted dollars). We should address health disparities because such inequities are inconsistent with the values of our society and addressing them is the right thing to do, but this analysis shows that social justice can also be cost effective.
University of Louisville
University of Minnesota
Johns Hopkins University
- I1 - Health