Sleep disorders are costing the Australian economy more than $5.1 billion a year in health care and indirect costs, a new study has found.
According to a new economic report commissioned by the Sleep Health Foundation, disorders such as obstructive sleep apnea, insomnia and restless leg syndrome are having a significant impact on the Australian workplace.
The Re-awakening Australia – The Economic Cost of Sleep Disorders in Australia report highlights that more than 1.5 million Australian adults – the equivalent of nine per cent of the adult population – now suffer from sleep disorders.
“Of the $5.1 billion in financial costs to Australia per year, more than $800 million is a direct cost to the health system,” Professor David Hillman, chair of the Sleep Health Foundation and director of the West Australian Sleep Disorders Research Institute, said today (February 2).
“Poor sleep is increasingly common amongst Australians, with one in three people regularly struggling with their sleep. It is vital that sleep disorders receive increased focus as a health priority.”
The report also found that $3.1 billion in lost productivity – as well as 10 per cent of depression cases – was attributable to a sleep disorder.
Corporate health plans can contribute substantially to the cost of employees seeking diagnosis and treatment of sleep disorders.
HICA is able to assist companies that are genuinely interested in the health and wellbeing of their employees by establishing a corporate health insurance plan.