At this point, many of us are posing the rhetorical query, “How much does obesity cost the overall economy, anyway?” This sounds like a trick question, one posed not to extract a factual answer, but to take an indirect route toward confrontation with a really unpopular conclusion. It sounds this way because it is.
One reason the question is virtually unanswerable is, the price of each separate factor involved in bariatric medicine continues to rise. Another reason is that even with modern lightning-speed communication, it is still pretty difficult to guarantee that a pile of information about anything is the latest and greatest.
In many cases, multiple factors change too quickly to be meticulously tracked and compensated for. Sometimes, even experts review their work or the work of others and conclude that “Oops! Those numbers are on the wacky side.” We can take a snapshot that captures a moment in time and compare it to another snapshot in a later or earlier time frame, or in the same moment but in a different place.
A considerable fraction
Back in 2015, the management consulting firm McKinsey Global Institute announced that almost one-third of Earth’s population, or 2.1 billion people, were overweight or obese. In developed economies, “about 15 percent of health care costs […] are driven by [obesity].” Moneyweb.co.za noted that “healthcare costs are more than 40% higher for obese patients than normal-weight patients.”
The investment advice website added that the global impact of obesity was estimated to be “on a par with the impacts of smoking or armed violence, war and terrorism.” Expressed numerically, this figure amounted to around $2 trillion, or 2.8% of the global Gross Domestic Product. As the saying goes, “no matter how you slice it,” this was a real wake-up call. To put the icing on the cake, McKinsey issued the understatement of the century, namely, that “global disagreement on how to move forward is hurting progress.”
Some widespread misunderstandings
In the same year, a mere decade ago, Dr. Bruce Y. Lee compiled a list of seven myths that conspired to convince employers that they could safely ignore the encroaching threat of obesity — the first one being that obesity did not exist in their particular line of work. But in truth, few businesses were found to be exempt. While relatively few responsible authorities were paying attention, obesity had snuck into “nearly every country, income level, race, ethnicity and age group.”
Rising obesity rates were not random accidents, but established facts of life. Even if one particular corner of a commercial field had not yet been invaded, suppliers, subsidiaries, and other connected areas would be affected. And to simply hire skinny people was no solution, because the possibility that they could balloon up was always lurking.
The second prevalent myth was that obesity invariably sprang from each employee’s individual lifestyle choices. But the author pointed out how mistaken a boss would be to assume that anyone who put on pounds was simply lazy or lacking in self-control. To assume that everyone just needed to eat less and exercise more would be a serious error in judgment. People in positions of authority were urged to remember that behavior is governed by “a number of social, environmental, cultural, and financial factors,” which will be looked at in the next installment.
Your responses and feedback are welcome!
Source: “A fat investment opportunity, Moneyweb.co.za, 04/16/15
Source: “Obesity is Everyone’s Business,” Forbes.com, 09/01/15
Images by fabioeliasp1 and miosyn/Pixabay
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