In the United States, a significant societal problem is the lack of access to quality medical and mental health care. According to a report from Deloitte and the Meharry School of Global Health, this issue is expected to cost the U.S. over $477 billion this year, with this number projected to rise almost $1.3 trillion annually by 2040.
Specifically, people of color, women, and low-income individuals face the most significant disparities in mental health care access, which can impact their physical health as well. Dr. Jay Bhatt from the Deloitte Center for Health Solutions and Health Equity Institute highlighted that those with mental health conditions often struggle to manage chronic illnesses, leading to increased healthcare costs if left untreated.
Excessive medical care is only one aspect of the economic toll of mental health inequities according to Darrell Gaskin from the Johns Hopkins Bloomberg School of Public Health. Lost productivity in the labor market due to illness and premature death are additional factors contributing to the $477 billion cost.
Thomas LaVeist from the Tulane School of Public Health and Tropical Medicine pointed out that where individuals live plays a significant role in determining their health outcomes. Investing in essential resources like housing, education, food, and healthcare can make a substantial difference in addressing these inequities.
While there may be concerns about the financial costs of addressing health inequities, LaVeist emphasized that the costs of doing nothing are also significant. Simply put, inaction comes with its own set of financial consequences.
Addressing mental health inequities requires a multi-faceted approach that takes into account both social determinants of health and policy interventions that prioritize equity. As such, it’s important for policymakers and healthcare providers alike to recognize the importance of investing in resources that address social determinants of health as well as implementing policies that promote equity in healthcare access.
In conclusion, addressing mental health inequities is crucial for promoting good public health outcomes and reducing healthcare costs in the long run. By recognizing these disparities and taking action towards promoting equity in healthcare access, we can work towards creating a more just society where everyone has equal opportunities for good physical and mental wellbeing.
