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3C

Equitable services are more cost effective

Equitable services and service structures have cost benefits.

Socioeconomic health inequalities impose a direct economic burden of at least $6.2 billion annually, or over 14% of total expenditures on acute care inpatient hospitalizations, prescription medication and physician consultations (PHAC, 2016).

One way in which health equity can help with cost-effectiveness is by addressing the root causes of health disparities and inequities, rather than just treating the symptoms of these problems. For example, investing in preventive measures such as education, housing and access to healthy food can help reduce the incidence of chronic diseases, which are a major driver of health care costs. By addressing these underlying social and environmental determinants of health, the burden of disease could be reduced and the overall health of the population could be improved, which can lead to a more cost-effective long-term health care system.

Additionally, promoting health equity can help reduce the costs of health care by ensuring that everyone has access to affordable and high-quality health care services. When communities are unable to access the care they need, they may delay seeking care until their condition becomes more severe, which can result in more costly and complex treatment.