Public Health (05-10-2005)
New study on health and the economy published
Is health good for the economy of the European Union? This key question is examined in a new report entitled ‘The contribution of health to the economy in the European Union’, based on a study financed by DG Health and Consumer Protection. The report will be presented, at the Gastein European Health Forum which takes place from 5-7 October.
The study reviews an extensive body of research and policy documents from high-income countries to seek an answer to its title question. Among the factors looked at in the report are:
- Studies on the cost-of-illness;
- The impact of health at the individual and household level on labour market outcomes, education and saving;
- The impact of health on the level and the growth rate of national income;
- The impact of health on the welfare system
A key message of the report is that better health can have a positive impact on various economic outcomes, and is not merely an automatic by-product of economic progress. As such the study suggests a critical implication for policymakers i.e. there is a powerful justification to invest in health as a means to improve economic outcomes.
“The contribution of health to the economy in the European Union” was written by Marc Suhrcke, Martin McKee, Regina Sauto-Arce, Svetla Tsolova and Jorgen Mortensen.