New Report Reveals Vision Loss Costs Canada Almost $33 Billion Annually
The Canadian Council of the Blind, partnering with Fighting Blindness Canada, and key partners, the Canadian Association of Optometrists and the Canadian Ophthalmological Society, commissioned new research, The Cost of Vision loss and Blindness in Canada, from Deloitte Access Economics, to identify Canada’s emerging crisis of preventable blindness.
A new report reveals the emerging crisis of preventable blindness in Canada, totalling almost $33 billion and impacting all Canadians– including individuals, families and governments.
Living with vision loss negatively impacts an individual’s financial health and often represents a loss of independence affecting their quality of life. As Canada’s population ages, the main drivers of vision loss are more prevalent and will increasingly impact Canada’s health system and economy.
The Cost of Vision Loss in Canada Report (“the Report”) shows 1.2 million Canadians are living with vision loss, with many facing a lack of investment in services and supports that impact them to live life to its fullest potential. This number is expected to grow to 2 million people by 2050, which is concerning given 75% of vision loss is either reversable, preventable or treatable if caught early.
The Report revealed the costs that Canadians with vision loss experienced in 2019 as:
• Direct health care costs – $9.5 billion
• Indirect health care & other costs – $6.1 billion
• Cost of well-being – $17.4 billion
“The direct health care costs highlight the need to reduce the progression of eye diseases and vision loss through preventive health measures,” said Keith Gordon, Ph.D., the principal investigator of the Report. “The research demonstrates that the affected individuals and their families primarily bear 65% of the costs of living with vision loss.”
Click HERE for the full press release.