Monday, October 09, 2017

Capitalism - Living off the fat of the land

The cost of treating ill health caused by obesity around the world will top $1.2tn every year from 2025 unless more is done to check the rapidly worsening epidemic, according to new expert estimates. The new figures come from the World Obesity Federation (WOF), which says there will be 2.7 billion overweight and obese adults by 2025, many of whom are likely to end up needing medical care. That means a third of the global population will be overweight or obese.
Obesity and smoking are the two main drivers behind the soaring numbers of cancers, heart attacks, strokes and diabetes worldwide, grouped together officially as non-communicable diseases. They are the biggest killers of the modern world.
The United States faces by far the biggest treatment bill, with a rise from $325bn per year in 2014 to $555bn in just eight years’ time, partly because of the high cost of medical care in the US. But all countries are looking at a very steep rise in costs that will be unaffordable for most. In the UK, the bill is set to rise from $19bn to $31bn per year in 2025. The NHS chief executive, Simon Stevens, has already warned that obesity threatens to bankrupt the NHS.
Over the next eight years, the experts say, the US will spend $4.2tn on treating obesity-related disease, Germany will spend $390bn, Brazil $251bn and the UK $237bn if these countries do not do more to try to prevent it.
The WOF’s estimates show adult obesity continuing its steady climb. In 2014, a third of men and women in the US were obese (34%). By 2025 that is predicted to be 41%. In the UK, more than a quarter of adults (27%) were obese in 2014 and that will rise to 34% by 2025. Egypt is predicted to go up from 31% to 37% of adults in the same period, while Australia and Mexico will rise from 28% to 34% if nothing changes.
“The annual medical costs of treating the consequences of obesity, such as diabetes and heart disease, is truly alarming,” said Prof Ian Caterson, the president of the federation. “Continual surveillance by WOF has shown how obesity prevalence has risen dramatically over the past 10 years and with an estimated 177 million adults suffering severe obesity by 2025..."
Low-income countries have healthcare systems that barely manage to cope with childbirth and infectious diseases, and have neither the money nor staff to deal with the epidemic of chronic illness such as cancer and heart disease that is being fuelled by obesity.

No comments: