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Cost of Chronic Diseases Hurts Business and Threatens Economic Sustainability, PricewaterhouseCoopers Report for World Economic Forum Finds
NEW YORK, April 22, 2008 (PRIME NEWSWIRE) -- The rising cost of chronic diseases, including direct medical costs and indirect costs associated with lost productivity, is a growing burden for businesses, according to research prepared by PricewaterhouseCoopers in conjunction with the World Economic Forum. The report outlines the business rationale for workplace wellness programs, warning that over the next 25 years, chronic disease will reduce the available labor supply, savings and investments, and will ultimately affect the capital markets. It states that in an interdependent global economy, chronic conditions such as cardiovascular disease, diabetes and respiratory illness are creating a significant societal risk that threatens health systems and economic sustainability.