Home / ECONOMY / Untreated mental illness drains billions from Dayton’s workforce, economy « Wright State University

Untreated mental illness drains billions from Dayton’s workforce, economy « Wright State University

A recent study conducted by Wright State University, in partnership with the Greater Dayton Area Hospital Association and One Morning—a workplace mental health engagement firm—has unearthed alarming statistics regarding the economic burden of untreated mental illness in Dayton. Titled “The Economic Impact of Behavioral Health in the Greater Dayton Region,” this revealing analysis draws on data from 2023 across 11 counties and nearly 1.8 million residents, showcasing the profound effects of mental health on the workforce and local economy.

Key Findings

The study reveals that 24.2% of residents in the Greater Dayton region are impacted by mental illness, contributing to a staggering economic loss of nearly $30 billion annually. This figure highlights the extensive repercussions that untreated mental health issues have on workforce productivity, overall healthcare costs, and even premature mortality rates.

Sarah Hackenbracht, the president and CEO of the Greater Dayton Area Hospital Association, stressed the importance of these findings: “The magnitude of the annual burden is not just a number; it represents lost potential for individuals, families, businesses and the community as a whole.” This sentiment underscores the need to address mental health proactively.

Economic Impacts Broken Down

The breakdown of costs related to untreated mental illness is striking. The study estimates that early deaths attributed to mental health conditions cost the economy approximately $15.78 billion in lost productivity in 2023 alone. This includes $1.86 billion in lost wages due to premature deaths and $13.92 billion in reduced quality of life for surviving loved ones.

Mental health care expenses also account for a significant portion of the economic burden, totaling about $3.25 billion. Of this, $2.92 billion is spent specifically on mental health treatment, while an additional $327.54 million is allocated for physical health costs that stem directly from mental health issues.

Moreover, the study highlights non-healthcare costs that are also affected by mental illness, such as incarceration, homelessness support, and education resource diversion, amounting to an annual total of $177.65 million.

The Value of Investment in Mental Health

As Barbara Marsh, the director of Counseling and Wellness Services at Wright State, stated, “When people are supported in their mental health, they are more likely to succeed at work, in school, and in life.” This clarification emphasizes the integral role that mental health support plays not only in individual lives but also in communal success.

The study underscores that investing in mental health services is not merely a social responsibility but an economic imperative. A mere 10% reduction in the prevalence of mental illness could yield a boost to the region’s economy by more than $1.27 billion per year, translating to approximately $931 for every adult in the community.

Behavioral Health as an Economic Factor

Thomas Traynor, professor emeritus of economics at Wright State and a key author of the study, posits that “behavioral health is not a side issue; it is a key economic factor.” Each percentage improvement in mental health can lead to regained productivity that amounts to hundreds of millions of dollars in economic growth, enhanced community health, and improved quality of life.

Paths Forward

The findings of this study serve as a call to action across all sectors—business, healthcare, government, and education—to collaboratively foster a culture of care. Early interventions must be prioritized, including:

  • Workplace Mental Health Programs: Companies can implement initiatives to support employees’ mental health, providing not only resources but also creating a supportive atmosphere for open discussions surrounding mental health challenges.

  • Interventions for all ages: Schools and community organizations need to offer mental health resources and support for both children and adults to build resilience from a young age.

  • Public Funding: Increased public funding for behavioral health services is essential to ensure that those in need can access the help they require without barriers.

Conclusion

The economic burden of untreated mental illness in Dayton is both substantial and impactful, affecting not just individuals, but the entire community. The findings from Wright State University’s study shed light on the urgent need for integrated mental health services and highlight the economic benefits of investing in mental health.

By prioritizing mental health care, Dayton can not only reclaim billions in lost productivity and healthcare costs but also devise a healthier, more prosperous community. It is time for stakeholders from all sectors to come together and champion mental health initiatives, recognizing their importance not only in the realm of personal well-being but as a foundational element of economic stability and growth.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *