Listen "Rethinking healthcare models to stimulate UK economic recovery"
Episode Synopsis
The facts speak for themselves on the link between health and wealth, and the root causes for vulnerable populations being unemployed.An IPPR study reveals that 25% of economically inactive individuals reside in the 50 areas in England with high poor health, indicating a “double injustice” with lower household income and higher poverty. ONS statistics show those in deprived areas are 1.5 times more likely to be economically inactive and twice as likely to be in poor health. Identified as “bad health black spots,” cities like Liverpool, Manchester, and Nottingham have high rates of poor health and economic inactivity.The latest report by the Resolution Foundation exposes a widening gap between wealthier parts of the South and regions with higher deprivation. The report states that 5.8% of the working-age population is currently off work due to ill health, up from 5.1% pre-pandemic. Significantly higher rates of long-term sickness are observed in poorer regions, with up to 9.1% in West Wales. Geographical disparities underscore the need for targeted interventions to address health inequalities.The Child Poverty Action Group (CPAG) has warned that thousands of British people in receipt of regular benefits payments from the Department for Work and Pensions (DWP) face seeing their entitlement cut from April 2024 unless they actively seek employment. This policy, while ostensibly aimed at boosting workforce participation, raises serious concerns about the potential negative impact on vulnerable members of society.In light of the current challenges posed by the post-pandemic era and the escalating cost-of-living crisis, it’s imperative to explore alternative, long-term solutions that address the root cause of unemployment.These solutions will not be short-term fixes but rather need to address the wider environmental and social factors to ensure the wellbeing of vulnerable people. Alongside this, these solutions must promote a more active, healthier, and more productive workforce to stimulate sustainable economic recovery and growth.Gaps in a Retrospective Policy Approach. Forcing individuals with physical or mental health issues to choose between their livelihoods and benefits could exacerbate existing social inequalities and jeopardize the wellbeing of some of the most vulnerable members of society. These existing inequalities are highlighted in a report by South Yorkshire’s NHS Integrated Care Board which shows that “people living in our most deprived areas have both shorter lives and are living those years in poorer health”.Retrospective measures such as benefit cuts may indeed spur a short-term increase in employment, but they fail to address underlying issues which hinder individuals from productively joining and rejoining the workforce.This approach may also prove counterproductive in the long-term, due to the increased strain on social and healthcare services as individuals struggle with the consequences of diminished mental and physical wellbeing.To create a sustainable and inclusive workforce, the government must recognise the pivotal economic impact that physical and mental health have and invest in long-term preventative health measures.Driving Economic Benefits. Research has shown that higher levels of stress can lead to burnout, while a happier, healthier workforce is more productive. Businesses which prioritise wellbeing report employees taking fewer sick days, delivering higher performance, and having lower rates of burnout and turnover. This shows how the state of workforces is a joint business, health and economic concern.The economic benefits of a healthier and more engaged workforce cannot be understated. Improved worker wellbeing and mental health translates directly into increased productivity. With the latest ONS figures showing that the UK economy is still not growing enough to quell fears of recession, focusing on the health and wellbeing of the workforce becomes a strategic imperative to drive economic reco...