It’s safe to say we all want a slimmer waist and a fatter wallet… so can healthy habits really lead to big savings? According to the Global Obesity Prevention Center (GOPC), the answer is a big fat YES! The GOPC computational model simulations found that on average, going from obesity to normal weight, a 20-year-old could save a net present value of more than $28,000 throughout their lifetime, a 40-year-old more than $30,000, a 50-year-old more than $36,000, a 60-year-old more than $34,000, a 70-year-old more than $29,000, and an 80-year-old more than $16,000.
So what do all of these numbers mean and how can obesity cost individuals so much money over time? These high costs are mainly associated with productivity losses and a number of major weight-related health conditions.
“Over half the costs of being overweight can be from productivity losses, mainly due to missed work days but also productivity losses. This means that just focusing on medical costs misses a big part of the picture, though they’re a consideration, too,” says Bruce Y. Lee, MD, MBA, executive director of the Global Obesity Prevention Center (GOPC) at the Bloomberg School. “Productivity losses affect businesses, which in turn affects the economy, which then affects everyone.”
In addition to productivity losses, health-related costs occur from obesity. The Centers for Disease Control and Prevention (CDC) state that people who have obesity are at greater risks for the following diseases and health conditions:
- High blood pressure (hypertension)
- High LDL cholesterol/ low HDL cholesterol
- Type 2 diabetes
- Coronary heart disease
- Gallbladder disease
- Joint issues
- Sleep apnea and breathing problems
- Mental illness such as clinical depression, anxiety, and other mental disorders
More and more companies are looking to wellness programs to counteract high health claims they are receiving year after year. With healthcare costs rising yearly, wellness at work has grown into a common theme. Wondering how to get started with corporate wellness? Contact Us Today!