Researchers for the Centre for Mental Health thinktank analyzed the economic, health, and care impact of mental ill health in England, determining that in 2022, mental illness incurred a total cost of 300bn, almost doubling the NHS budget for the same year. The report delves into the human costs in terms of reduced quality of life and wellbeing, making it clear that mental health issues have far-reaching implications.
For the first time, this report evaluates wider financial consequences of mental illness, including presenteeism costing 41.8bn, staff turnover 43.1bn, and lost tax revenues 5.7bn. This underscores the multifaceted impact mental health issues have on society, extending beyond healthcare costs to affect workplace productivity and government revenues.
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