Commentary: A long life means little if we’re too sick to enjoy it

Commentary: A long life means little if we’re too sick to enjoy it


THE LONGEVITY DIVIDEND

So, what happens if Singaporeans gain just one extra year of healthy life? A conservative back-of-the-envelope estimate suggests the benefits can come in two ways, preserved productivity and healthcare expenditure savings. 

Around US$1.5 billion in extra productivity could be achieved as healthier older adults remain active contributors to the economy, whether through formal work, entrepreneurship or community roles. On top of that, US$1.2 billion to US$2.4 billion in healthcare expenditure savings could be realised each year by reducing hospitalisations, long-term care needs and chronic disease management costs. Combined, that’s about US$2.7 billion annually, or roughly S$3.3 billion.



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