Crimson Audit & Review

Content Audit, Review & Consulting for Medical Device Makers

Austerity Kills: 10-Year Study Shows Healthcare Consequences of Budget Cut-Backs

Posted by crimsonlanguage on 2013/04/30

Bad for medical device sales, but worse for patient well-being: the negative effects of financial cutbacks in Europe and the U.S. are detailed in a new study by an Oxford economist and Stanford epidemiologist. In Greece, cutbacks in HIV prevention have brought a 200% increase in HIV infections since 2011.  Increased rates of suicide and depression have also been linked to economic austerity. You can read more about the study here:

http://medcitynews.com/2013/04/ten-year-study-says-austerity-is-increasing-rates-of-suicide-and-limiting-access-to-care/

Authors David Stuckler and Sanjay Basu say that these dire consequences are not inevitable and point to data from the U.S. in the 1930’s, Sweden, and post-Soviet Russia to show that government healthcare policies can make a positive difference.

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