Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

The GFC is bad for more than just your pocket

17.11.2009
One in four Australian adults has taken an action that puts their health at risk as a result of the global financial crisis (GFC), according to a new MBF Healthwatch poll.

The results show that lack of job security was particularly hard on families, with almost one in five parents turning up to work ill and close to one in 10 parents sending sick children to school.

Dr Christine Bennett, Chief Medical Officer of Bupa Australia* warns that short-term, risky health actions taken by individuals in an attempt to save money or prove job dedication are likely to have long term negative health outcomes for Australia.

"The poll has revealed that during the past six months, more than two million workers have gone to work ill because they have been concerned about taking a sick day, and a worrying 17 per cent of Australians have avoided or delayed a visit to a GP, dentist or a specialist," Dr Bennett said.

The results reinforce the findings of Research Australia's report, Australian Financial Crisis: Implications for Health & Research (Report), which highlights that the fall-out from the GFC goes beyond economics and has major long-term health implications for Australia.

In the Report, which has been produced with the support of Bupa Australia, health policy makers are being urged to prepare for increases in obesity, mental illness, chronic health conditions, and alcohol and drug misuse.

"The health impact of the GFC has largely been overshadowed by the focus on the economy," Research Australia Chief Executive Officer, Rebecca James explained. "However, the health consequences may be felt long after the economy turns around."

The ground-breaking independent Report, which features the views of some of Australia's leading experts in health, the economy, government and society, has revealed that the negative health effects of the GFC include:

An increase in psychological distress of both employed and unemployed Australians;
An increase in the numbers of long term unemployed who are at risk of long term disadvantage, which may be characterised by lower health status;

Health and other support services will be stretched.

Dr Bennett, who recently chaired the National Health and Hospitals Reform Commission, commented that the Report is a timely reminder that Australia needs a health system that is able to respond to unexpected events such as recession.

"Australia's continued investment in research will be vital to the development of effective health and social policy to ensure we are better prepared for the future," she added.

The Research Australia independent report, Australian Financial Crisis: Implications for Health & Research, produced with the support of Bupa Australia and the National Health & Medical Research Council, looks at the research evidence on the health and social impacts of economic downturn and features the views of some of Australia's leading experts in health, the economy, government and society.

The MBF Healthwatch poll is a nationally representative poll of 1,100 Australians aged 16 and over conducted by Galaxy Research by telephone on the weekend of November 6-8, 2009.

To arrange an interview with Research Australia's Rebecca James, Bupa Australia's Dr Christine Bennett and/or any of the experts in the Report, please contact:

Rachel McConaghy 0421 762 140 rmcconaghy@reputationmatters.net.au
Melina Schamroth 0409 833 848 melina@madwoman.com.au
About Research Australia
Research Australia is the peak not for profit body for health and medical research. It is a national alliance of more than 180 members and supporting organisations working together to promote health and medical research in Australia. For more information please visit www.researchaustralia.org

* About Bupa Australia

Bupa Australia is a leading healthcare provider. With a significant presence in every Australian State and Territory, the company operates under the trusted and respected brands, MBF, HBA, Mutual Community and Clearview, proudly covering over three million Australians.

Bupa Australia is driven by the vision of "Taking care of the lives in our hands" and has the goal of helping people live longer, healthier, happier lives. The company is focused on providing sustainable health insurance and financial services solutions that represent real value to customers, and on leading the industry in the promotion of preventive health and wellness.

As part of the international Bupa Group, Bupa Australia draws on the strength and expertise of an international healthcare leader. The Bupa Group covers over 10 million people in over 200 countries and provides other health and financial services to many more millions of customers around the globe.

Rachel McConaghy | EurekAlert!
Further information:
http://www.researchaustralia.org
http://www.mbf.com.au/wellness
http://www.mediagame.com.au

More articles from Business and Finance:

nachricht Frugal Innovations: when less is more
19.04.2017 | Fraunhofer-Institut für Arbeitswirtschaft und Organisation IAO

nachricht Europe's microtechnology industry is attuned to growth
10.03.2017 | IVAM Fachverband für Mikrotechnik

All articles from Business and Finance >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: Deep inside Galaxy M87

The nearby, giant radio galaxy M87 hosts a supermassive black hole (BH) and is well-known for its bright jet dominating the spectrum over ten orders of magnitude in frequency. Due to its proximity, jet prominence, and the large black hole mass, M87 is the best laboratory for investigating the formation, acceleration, and collimation of relativistic jets. A research team led by Silke Britzen from the Max Planck Institute for Radio Astronomy in Bonn, Germany, has found strong indication for turbulent processes connecting the accretion disk and the jet of that galaxy providing insights into the longstanding problem of the origin of astrophysical jets.

Supermassive black holes form some of the most enigmatic phenomena in astrophysics. Their enormous energy output is supposed to be generated by the...

Im Focus: A Quantum Low Pass for Photons

Physicists in Garching observe novel quantum effect that limits the number of emitted photons.

The probability to find a certain number of photons inside a laser pulse usually corresponds to a classical distribution of independent events, the so-called...

Im Focus: Microprocessors based on a layer of just three atoms

Microprocessors based on atomically thin materials hold the promise of the evolution of traditional processors as well as new applications in the field of flexible electronics. Now, a TU Wien research team led by Thomas Müller has made a breakthrough in this field as part of an ongoing research project.

Two-dimensional materials, or 2D materials for short, are extremely versatile, although – or often more precisely because – they are made up of just one or a...

Im Focus: Quantum-physical Model System

Computer-assisted methods aid Heidelberg physicists in reproducing experiment with ultracold atoms

Two researchers at Heidelberg University have developed a model system that enables a better understanding of the processes in a quantum-physical experiment...

Im Focus: Glacier bacteria’s contribution to carbon cycling

Glaciers might seem rather inhospitable environments. However, they are home to a diverse and vibrant microbial community. It’s becoming increasingly clear that they play a bigger role in the carbon cycle than previously thought.

A new study, now published in the journal Nature Geoscience, shows how microbial communities in melting glaciers contribute to the Earth’s carbon cycle, a...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

Event News

Expert meeting “Health Business Connect” will connect international medical technology companies

20.04.2017 | Event News

Wenn der Computer das Gehirn austrickst

18.04.2017 | Event News

7th International Conference on Crystalline Silicon Photovoltaics in Freiburg on April 3-5, 2017

03.04.2017 | Event News

 
Latest News

New quantum liquid crystals may play role in future of computers

21.04.2017 | Physics and Astronomy

A promising target for kidney fibrosis

21.04.2017 | Health and Medicine

Light rays from a supernova bent by the curvature of space-time around a galaxy

21.04.2017 | Physics and Astronomy

VideoLinks
B2B-VideoLinks
More VideoLinks >>>