RETHINKING HEALTHCARE TO BOOST WORK PRODUCTIVITY
Health is wealth, impacting not just the well-being of people, but also their individual productivity. Unhealthy populations have a big impact on labour supply, public spending and healthcare costs. Rather than financing long-term care and paying disability benefits, public expenditure focused on prevention and early treatment can serve as an investment in both economic prosperity and quality of life.
Studies undertaken by the EU and by the European Observatory on Health Systems and Policies, among others have shown that it is possible to boost economic growth by improving the health status of the population and enabling people to remain healthy and active longer. To keep healthcare systems and economies across the EU strong, stakeholders must improve disease prevention and prepare the workplace of the future, where both employee-patients and employee-carers can remain valued contributors.
Investing in Health, EU Commission Staff Working Document, Social Investment Package, February 2014.
The Effect of Health on Economic Growth: a production function approach, World Development, Vol. 32.No 1; Bloom, Canning, Sevilla, (2004)
Tackling Chronic Disease in Europe, Strategies, interventions and challenges, European
Observatory on Health Systems and Policies; Busse, Blumel, Scheller-Kreinsen, Zentner
Observatory Studies Series No. 20, World Health Organization, 2010
Spotlight on Prevention: When, Who and How?
Unhealthy lifestyles and lack of physical activity are key factors in the development of chronic diseases. Early prevention and diagnosis, better education, and above all collaboration among governments, patient organizations, and industry are crucial to prevent chronic diseases from arising.