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The economic value of reducing avoidable mortality.

Angela Y Chang1,2,3, Gretchen A Stevens4, Diego S Cardoso5

  • 1Danish Institute for Advanced Study, University of Southern Denmark, Odense, Denmark. achang@health.sdu.dk.

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This summary is machine-generated.

Reducing avoidable deaths significantly boosts economic welfare. Globally, populations value avoiding mortality at 23% of annual income, highlighting the economic benefits of improved health and longevity.

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Area of Science:

  • Health Economics
  • Demography
  • Public Health

Background:

  • Individual and family welfare are enhanced by longer, healthier lives.
  • The World Bank's Healthy Longevity Initiative aims to understand the economic implications of longevity.
  • Quantifying the economic value of health improvements is crucial for policy development.

Purpose of the Study:

  • To quantify the global economic value of achieving the lowest possible mortality rates.
  • To estimate the economic value of reducing avoidable mortality across world regions, sexes, and ages.
  • To project these economic values to 2050 under a rapid-progress scenario.

Main Methods:

  • Estimation of the economic value of avoidable mortality (difference between observed and lowest achieved mortality).
  • Analysis conducted for years 2000–2021, with projections to 2050.
  • Calculations performed by world regions, sex, and age.

Main Results:

  • In 2019, 69% of deaths (40 million) were avoidable.
  • The global economic value of avoidable mortality was 23% of annual income.
  • This value varied regionally, from 19% in China to 34% in sub-Saharan Africa.

Conclusions:

  • Populations are willing to forgo substantial income for reduced mortality, indicating a high value placed on health.
  • Achieving rapid mortality reductions by 2050 could halve the gap in life expectancy and yield economic value equivalent to 14% of annual income.
  • The study provides strong evidence for the significant economic benefits of improving population health and longevity.