Economic Impact of Obesity
GlobalData released the first of five-state specific white papers focused on the economic impact of obesity, supported by Lilly. This study quantifies the implications of obesity on Indiana’s employment levels and workforce resilience, economic activity, and state revenue/expenses.
Key Findings of Indiana Report
Obesity and overweight cost Indiana in 2022:
- $9.3 billion in reduced economic activity, or 2% of Indiana’s GDP
- $966 million impact on the state budget, or 4.6% of 2022 fiscal year revenue
- $901 million in health-related absenteeism and disability costs
- 69,400 fewer adults in the workforce
- 9% reduced earnings for women with obesity
Higher healthcare costs attributed to obesity and overweight total:
- $1.2 billion for employers
- $712 million for households with private insurance
- $239.6 million in higher Medicaid costs to Indiana (6.2% of state Medicaid spending)
- $2.2 billion in federal Medicare and Medicaid spending