Mental Illness Is Costing Corporations >$80 Billion Annually[1]
http://us.fotolia.com/id/46999764 (Brochure page 1, man with umbrella and dollar signs)
Direct costs: healthcare premiums, medications, short & long term disability
- Each year, 217 million workdays are partially or completely lost due to mental illness[1]
- Mental illness and substance disorders are the 3rd leading cause of long-term disability and the 5th leading cause of short-term disability[2]
Indirect costs: absenteeism, presenteeism, slower return to work, employee turnover, training costs
- Lost productivity “presenteeism” is responsible for most of this cost ($63 billion)[3]
- Mental illness causes more days of work loss than arthritis, back pain, diabetes, and heart disease[4]
References:
[1] Finch, R. A. & Phillips, K. (2005). An employer’s guide to behavioral health services. Washington, DC: National Business Group on Health/Center for Prevention and Health Services.
[2] National Business Group on Health: An Employer’s Guide to Behavioral Health Services, 2010.
[3] National Alliance on Mental Illness, The High Costs of Cutting Mental Health, Jan. 2010.
[4] Kessler, R. C., Greenberg, P. E., Mickelson, K. D., Meneades, L. M., & Wang, P. S. (2001). The effects of chronic medical conditions on work loss and work cutback. Journal of Occupational and Environmental Medicine, 43(3), 218-225.