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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