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HomeminewsVision Loss Costs Billions

Vision Loss Costs Billions

United States academics have estimated the economic burden of vision loss in that country at approximately US$134.2 billion a year.

Using data from several official statistical surveys from 2017, the research from the University of Chicago reported that direct costs associated with vision loss accounted for US$98.7 billion. The greatest burden was linked to nursing home costs (US$41.8 billion) and medical care services (US$30.9 billion).

Indirect costs – which include absenteeism, lost household production, reduced labour force participation, reduced earnings, and informal care – accounted for US$35.5 billion.