Besides direct costs, what is the estimated cost of NCDs due to productivity loss?

Question

Accepted Answer

Productivity losses due to non-communicable diseases in Malaysia are estimated to be up to RM12.88 billion annually.

A report revealed that the estimated productivity losses stemming from non-communicable diseases (NCDs) in Malaysia, encompassing absenteeism, presenteeism, and early retirement, reached up to RM12.88 billion. This figure complements the direct healthcare expenditure on these conditions, highlighting a significant economic impact beyond immediate medical costs. These losses are a substantial component of the overall burden imposed by NCDs on the nation's economy.
Productivity Loss Estimates

Findings published in 2020 indicated that the combined impact of cardiovascular disease, diabetes, and cancer on Malaysia's productivity was substantial. The estimated RM12.88 billion figure accounts for the economic consequences of individuals being unable to work effectively or at all due to these illnesses. This valuation captures the loss of output and economic contribution that would otherwise have occurred.
Components of Productivity Loss

The productivity losses are attributed to several factors, including absenteeism, where individuals are absent from work due to illness. Presenteeism, a state where employees are physically present at work but are not fully productive due to health issues, also contributes significantly to these losses. Furthermore, early retirement compelled by these diseases represents a loss of experienced workforce and potential economic output over a longer period.
Broader Economic Impact

These productivity losses represent a significant portion of the total economic burden associated with NCDs in Malaysia. While direct healthcare costs for these diseases were estimated at RM9.65 billion in 2017, the RM12.88 billion in productivity losses underscores the extensive reach of NCDs into the nation's economic fabric. The true cost is likely even higher, as noted by experts, due to potential unquantified factors.

Reading history

Hide →

This history is cleared when the page is closed.

Besides direct costs, what is the estimated cost of NCDs due to productivity loss?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends