infographic: healthy savings: medical technology & the economic burden of disease

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Expanded US GDP Net Annual Benefit $106.2B $23.6B The medical technologies studied generated economic returns that were substantially greater than their costs, meaning that advanced medical devices and diagnostics not only bring immense benefit to individual patients, but a brighter economic future for the country as a whole. Continued investment in medical devices and diagnostics, and policies that support enhanced investment, will generate even larger net savings over time. Conversely, reduced incentives will result in large net costs. $150,365 annual savings /person affected $1.8B increased tax revenue COLORECTAL CANCER Sigmoidoscopy/Colonoscopy DIABETES Insulin Pump use $5,886 annual savings /person affected $34.9M increased tax revenue $24,518 annual savings /person affected $3.8B increased tax revenue MUSCULOSKELETAL DISEASE MRI & Joint Replacement Surgery $1,930 annual savings /person affected $1.5B increased tax revenue HEART DISEASE Diagnostic/Angioplasty/ Pacemaker use INCREASED INCENTIVES FOR MEDICAL TECHNOLOGY INVESTMENT WILL GENERATE EVEN LARGER NET SAVINGS OVER TIME. REDUCED INCENTIVES FOR MEDICAL TECHNOLOGY WILL RESULT IN LARGER NET COSTS. FUTURE HEALTH SYSTEM & ECONOMIC SAVINGS GAIN 2010 2015 2020 2025 2030 2035 0.00 0.00 26.43 65.73 103.10 144.24 192.51 $ billions 200 160 120 80 40 0 WHAT THIS STUDY MEANS LOSS $3.4T 2010 2015 2020 2025 2030 2035 -650.47 -393.41 -230.53 -123.28 -44.39 $ billions 0 -100 -200 -300 -400 -500 -600 -700 $1.4T THE USE OF KEY MEDICAL TECHNOLOGIES IN FOUR DISEASE AREAS EXPANDED U.S. GDP BY $106.2B IN 2010 AND PROVIDED A NET ANNUAL BENEFIT OF $23.6 B TO THE ECONOMY HEALTHY SAVINGS: MEDICAL TECHNOLOGY & THE ECONOMIC BURDEN OF DISEASE Study by Milken Institute. Authors: Anusuya Chatterjee, Jaque King, Sindhu Kubendran, and Ross DeVol. To view the full study, visit: http://lifechanginginnovation.org/get-facts

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  • Expa

    nded

    US

    GDP

    Net

    Ann

    ual B

    enefi

    t

    $106.2B

    $23.6B

    The medical technologies studied generated economic returns that were substantially greater than their costs, meaning that advanced medical devices and diagnostics not only bring immense benefit to individual patients, but a brighter economic future for the country as a whole.

    Continued investment in medical devices and diagnostics, and policies that support enhanced investment, will generate even larger net savings over time. Conversely, reduced incentives will result in large net costs.

    $150,365annual savings /person affected

    $1.8Bincreased tax revenue

    COLORECTAL CANCERSigmoidoscopy/Colonoscopy

    DIABETESInsulin Pump use

    $5,886annual savings /person affected

    $34.9M increased tax revenue

    $24,518annual savings /person affected

    $3.8B increased tax revenue

    MUSCULOSKELETAL DISEASEMRI & Joint Replacement Surgery

    $1,930annual savings /person affected

    $1.5B increased tax revenue

    HEART DISEASE Diagnostic/Angioplasty/Pacemaker use

    INCREASED INCENTIVES FOR MEDICAL TECHNOLOGY INVESTMENT WILL GENERATE EVEN LARGER NET SAVINGS OVER TIME.

    REDUCED INCENTIVES FOR MEDICAL TECHNOLOGY WILL RESULT IN LARGER NET COSTS.

    FUTURE HEALTH SYSTEM & ECONOMIC SAVINGS

    GAIN2010 2015 2020 2025 2030 2035

    0.00

    0.00

    26.43

    65.73

    103.10

    144.24

    192.51

    $ billions

    200

    160

    120

    80

    40

    0

    WHAT THIS STUDY MEANS

    LOSS

    $3.4T

    2010 2015 2020 2025 2030 2035

    -650.47

    -393.41

    -230.53

    -123.28

    -44.39

    $ billions0

    -100

    -200

    -300

    -400

    -500

    -600

    -700

    $1.4T

    THE USE OF KEY MEDICAL TECHNOLOGIES IN FOUR DISEASE AREAS EXPANDED U.S. GDP BY $106.2B IN 2010 AND PROVIDED A NET ANNUAL BENEFIT OF $23.6 B TO THE ECONOMY

    HEALTHY SAVINGS: MEDICAL TECHNOLOGY & THE ECONOMIC BURDEN OF DISEASE

    Study by Milken Institute. Authors: Anusuya Chatterjee, Jaque King, Sindhu Kubendran, and Ross DeVol. To view the full study, visit: http://lifechanginginnovation.org/get-facts