In May 2019, HORAN published a Databyte on mental health where we reported that mental illness affects 2.5 times more Americans than cancer, heart disease and diabetes combined. HORANalytics® found that individuals with a psychiatric claim cost their employers 133% more than individuals without a mental illness claim. Additionally, for every employer dollar spent on mental health there is an additional $37 lost as a result of decreased productivity, absenteeism and presenteeism.
This was a few months before the COVID-19 pandemic began—an event that sent mental illness cases soaring.
Now we're looking back on the previous two years to truly understand how much the pandemic has affected—in terms of volume and the associated costs—mental illness claims.
View and download the full article here.