Significant HealthCare Cost Savings Attainable through the Use of Dietary Supplements
The current US health care system does not place a strong emphasis on preventive medicine. Approximately 75 percent of total healthcare expenses are on preventable diseases, while only 3 percent is invested in disease prevention programs. Although the cost-effectiveness of prevention is still under debate, its role as a component in overall health and wellness is gaining traction. Certain dietary supplements have been scientifically shown to help reduce the risk of costly disease events among high-risk population groups, presenting a smart option to prevent hospitalization costs to the already struggling US health care system.
Frost & Sullivan’s (food.frost.com) recent economic analysis, Smart Prevention — HealthCare Cost Savings Resulting from the Targeted Use of Dietary Supplements, assesses the link between the use of dietary supplements at preventive levels and potential healthcare cost savings. The research confirms that notable cost savings can be realized through the targeted use of scientifically substantiated dietary supplements regimens among high-risk individuals, such as omega-3, B vitamins, phytosterols, or psyllium dietary fiber for coronary heart disease (CHD), chromium picolinate for diabetes-attributed CHD, lutein and zeaxanthin for age-related eye disease (ARED), and calcium and vitamin D or magnesium for osteoporosis.
For instance, by targeting all US adults over the age of 55 with diagnosed CHD, the study found that after using omega-3 dietary supplements at preventive intake levels can potentially yield $484.6 million in net cost savings per year from 2013 to 2020. Lutein and zeaxanthin dietary supplement intervention could save $966.6 million per year for ARED related medical costs through 2020 if all US adults used this dietary supplement regimen at preventive intake levels. Moreover, more than $1.52 billion in healthcare cost savings per year would be achieved from 2013 to 2020 if all women over the age of 55 with osteoporosis were to use calcium and vitamin D at preventive intake levels.
For more information on Smart Prevention—Health Care Cost Savings Resulting from the Targeted Use of Dietary Supplements, or how to leverage this research for business or policy planning purposes, please send an email to Britni Myers, corporate communications, at Britni.Myers@frost.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.
“Preventable diseases are one of the greatest contributors to healthcare costs and is a growing financial burden,” said Frost & Sullivan global program director for the chemicals, materials, and food practice, Christopher Shanahan. “Knowing that certain dietary supplements have demonstrated health benefits, it follows by reason that their use can certainly help reduce this burden.”
“The results from this analysis are a real game changer,” observed Shanahan. “Now, there is clear evidence that the use of dietary supplements can not only improve one’s health, but can help reduce healthcare costs.”