GlobalData Report Highlights Staggering Economic Costs for California of $89.5 Billion Due to Obesity
26 Junho 2024 - 1:00PM
Business Wire
Obesity and overweight are estimated to have caused a staggering
$89.5 billion reduction in California economy in 2022, equivalent
to 2.5% of the state's gross domestic product, according to a
report released by GlobalData Plc, a leading data and analytics
company.
GlobalData’s report, ‘Obesity’s Impact on California's
Economy and Labor Force,’ analyzes the economic and workforce
implications of obesity in the State of California, as well as the
impact on state tax revenue collections and costs. Obesity is a
serious, progressive disease and is associated with a range of
other diseases, including type 2 diabetes, cardiovascular diseases,
and musculoskeletal disorders. In California, over a quarter of
adults are classified as having obesity (28.1%), and a third have
overweight (34.7%) in 2022. This disease not only contributes to an
increase in healthcare spending and premature death but also has a
detrimental effect on labor force participation and
productivity.
Estimates of the economic impact of obesity on California
include: 353,600 fewer adults in the workforce due to
obesity-related unemployment and premature death, $6.3 billion
higher costs to employers for health-related absenteeism and
disability, and 9% lower earnings for women with obesity compared
to women with a healthy weight.
Employers in California paid an extra $6.0 billion in higher
medical expenditures for health complications attributed to obesity
and overweight. Households with private insurance incurred $3.5
billion in higher costs. Medicaid costs to the state were higher by
$2.7 billion (equivalent to 6.7% of the state's Medicaid spending).
The federal government also spent an estimated $12.3 billion more
on Medicare and Medicaid for California residents.
Obesity and overweight have a detrimental impact on the state's
budget, estimated at $10.5 billion in 2022 which is equivalent to
3.7% of fiscal year revenues. State tax revenues were lower by $6.5
billion due to reduced economic activity, while state costs for
Medicaid, public assistance, and state government health insurance
increased by $4.0 billion.
The report also notes that achieving and maintaining weight loss
of 5% to 25% among the California non-Medicare adult population
with obesity could produce substantial medical savings, ranging
from $30.8 billion to $77.9 billion over the next 10 years.
“We must confront the deeply troubling fiscal and human costs of
obesity in California. That means treating this medical condition
as we do other serious health matters,” said Senator Steven
Bradford (D-Gardena), Vice Chair of the California Legislative
Black Caucus. “Covering prescription treatments that have been
proven to be effective will not only save billions of dollars we
spend treating obesity but will save lives and improve the quality
of life for many.”
Liz Helms, President & CEO of The California Chronic Care
Coalition, reinforced this message: "Obesity isn’t just a number on
a scale; it is a complex, chronic disease with far-reaching
consequences. Californians living with obesity are at an increased
risk of developing additional or worsening health issues.
Complications from the disease can also impact their lives in other
areas including finances, work productivity, and quality of life.
This study demonstrates the unmet need in California and
underscores the urgency for policymakers, employers, and payers to
act immediately."
Considering the analysis, GlobalData has recommended actionable
steps for state policymakers and employers:
State policymakers can (1) advocate for state employee health
insurance to cover comprehensive, evidence-based obesity
treatments, including intensive behavioral counseling, nutrition
support, pharmacotherapy, and metabolic/bariatric surgery; (2)
expand Medicaid coverage for obesity treatment; and (3) invest in
community-based programs and education campaigns.
Employers can (1) offer insurance coverage and wellness programs
for obesity care at parity with other chronic diseases; (2) foster
a culture of support and inclusion that recognizes and accommodates
the needs of employees with obesity; and (3) provide education and
resources to employees to educate them about the health risks
associated with obesity as well as strategies for obesity care and
weight management.
GlobalData's report serves as a wakeup call to address the
obesity crisis head-on, with the potential to alleviate the
economic burden on California and foster a healthier and more
prosperous future for its residents and employers.
The study was supported by Eli Lilly and Company.
ENDS
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Notes to Editors
- Quotes provided Senator Steven Bradford (D-Gardena), Vice Chair
of the California Legislative Black Caucus and Liz Helms, President
& CEO of The California Chronic Care Coalition.
- Access the report and infographic.
- When incorporating images or videos into news articles, we
kindly request that media outlets exercise sensitivity in their
portrayal of individuals with obesity. The Obesity Action
Coalition’s Stop Obesity Weight Bias Campaign includes media
guidelines and bias-free image gallery.
About GlobalData
4,000 of the world’s largest companies, including over 70% of
FTSE 100 and 60% of Fortune 100 companies, make more timely and
better business decisions thanks to GlobalData’s unique data,
expert analysis and innovative solutions, all in one platform.
GlobalData’s mission is to help our clients decode the future to be
more successful and innovative across a range of industries,
including the healthcare, consumer, retail, financial, technology
and professional services sectors.
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