TY - JOUR
T1 - Economic costs of informal care for people with chronic diseases in the community
T2 - Lost income, extra welfare payments, and reduced taxes in Australia in 2015–2030
AU - Schofield, Deborah
AU - Shrestha, Rupendra N.
AU - Zeppel, Melanie J.B.
AU - Cunich, Michelle M.
AU - Tanton, Robert
AU - Veerman, Jacob Lennert
AU - Kelly, Simon J.
AU - Passey, Megan E.
N1 - Funding Information:
This study is part of research funded by a National Health and Medical Research Council (NHMRC) Partnership Project (APP1055037) with Pfizer Australia and Carers Australia as partner organisations. All authors are independent of the funding sources.
Funding Information:
Funding information This study is part of research funded by a National Health and Medical Research Council (NHMRC) Partnership Project (APP1055037) with Pfizer Australia and Carers Australia as partner organisations. All authors are independent of the funding sources.
Publisher Copyright:
© 2018 John Wiley & Sons Ltd
PY - 2019/3/1
Y1 - 2019/3/1
N2 - We estimated the economic costs of informal care in the community from 2015 to 2030, using an Australian microsimulation model, Care&WorkMOD. The model was based on data from three Surveys of Disability, Ageing, and Carers (SDACs) for the Australian population aged 15–64 years old. Estimated national income lost was AU$3.58 billion in 2015, increasing to $5.33 billion in 2030 (49% increase). Lost tax payments were estimated at AU$0.99 billion in 2015, increasing to AU$1.44 billion in 2030 (45% increase), and additional welfare payments were expected to rise from $1.45 billion in 2015 to AU$1.94 in 2030 (34% increase). There are substantial economic costs both to informal carers and the government due to carers being out of the labour-force to provide informal care for people with chronic diseases. Health and social policies supporting carers to remain in the labour force may allow governments to make substantial savings, while improving the economic situation of carers.
AB - We estimated the economic costs of informal care in the community from 2015 to 2030, using an Australian microsimulation model, Care&WorkMOD. The model was based on data from three Surveys of Disability, Ageing, and Carers (SDACs) for the Australian population aged 15–64 years old. Estimated national income lost was AU$3.58 billion in 2015, increasing to $5.33 billion in 2030 (49% increase). Lost tax payments were estimated at AU$0.99 billion in 2015, increasing to AU$1.44 billion in 2030 (45% increase), and additional welfare payments were expected to rise from $1.45 billion in 2015 to AU$1.94 in 2030 (34% increase). There are substantial economic costs both to informal carers and the government due to carers being out of the labour-force to provide informal care for people with chronic diseases. Health and social policies supporting carers to remain in the labour force may allow governments to make substantial savings, while improving the economic situation of carers.
KW - chronic illness
KW - economic costs
KW - health economics
KW - informal carers
KW - lost workforce
KW - productive life years
UR - https://www.scopus.com/pages/publications/85055643527
UR - http://www.mendeley.com/research/economic-costs-informal-care-people-chronic-diseases-community-lost-income-extra-welfare-payments-re
U2 - 10.1111/hsc.12670
DO - 10.1111/hsc.12670
M3 - Article
SN - 1365-2524
VL - 27
SP - 493
EP - 501
JO - Health and Social Care in the Community
JF - Health and Social Care in the Community
IS - 2
ER -
SDG 3 Good Health and Well-being