“Only one-third of Canadian employers have a mental health strategy in place, and most of those organizations are not yet measuring the outcomes of their investments.” (Deloitte, 2019)Over the last several months, we have been exploring the economics of the mental health sector. In this month’s issue of Invested, we delve into the critical steps that…

For the past several months, we have been discussing the economics of mental health. We have seen how the costs are varied and widespread, affecting sectors outside of traditional health care industries, with the estimated cost to the Canadian economy expected to be $2.5 trillion by 2041. (Deloitte, 2019) We have also established that mental…

In the last decade, there has been growing recognition of the importance of mental health economics, or the study of the economic impact of mental illness on individuals, families, communities, and society as a whole. After looking at the limitations of these economic evaluations in our previous issue of Invested, we are now delving into…

In previous editions of Invested, we explored the Economic impact of mental health and illness care, and why the impact is felt in sectors not included in traditional health care. In this edition, we are looking at what limitations exist in the mental health economic evidence and how they impact policy- and decision-makers. While economic evidence provides valuable…

In the previous issue of Invested, we explored the economic impact that the lack of mental health care has in Canada and around the world. In this issue, we look at examples of external forces that affect a person’s mental health and how funding sectors outside of health care can decrease the overall economic burden. In the previous…

With roughly one third of Canadians being affected by a mental illness in their lifetime[1], it can be argued that the historically underfunded sector of mental health care doesn’t make sense. It doesn’t make sense in the obvious humane sense, but it also doesn’t make sense economically.This is true, not just in Canada, but globally….