Friday, 30 September 2016

134Billion, the cost of hearing loss...

Image result for wasted money eurosThere is increasing evidence within Europe and across the world of the economic impact of hearing loss to society to meet the increased medical and social costs incurred, and take into account lost earnings. The annual economic costs to European countries has been estimated as:

GERMANY €30 BILLION
FRANCE €22 BILLION
UNITED KINGDOM €22 BILLION
ITALY €21 BILLION
SPAIN €16 BILLION
POLAND €14 BILLION
THE NETHERLANDS €6 BILLION

A more recent study in England found the costs associated with hearing loss were estimated at £30.13 billion per year, including medical and social costs (Archbold, Lamb, O’Neil, 2015). In France, a recent estimation was 23.4 billion euros. (KervasdouĂ©, J. Hartmann, L. 2016)

The cost of NOT providing hearing technologies has been shown to be greater than the cost of providing them. (O’Neil et al., 2016) Health systems need to calculate the real health costs of hearing loss. Not providing hearing aids and cochlear implants should be seen as a massive risk. It stores up more costly demands on health services and social care for the future.

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