According to new research, the United States spends over 200 billion annually on treatment and hospitalization for mental health issues, exceeding spending on heart conditions and cancer. Previous estimates of total healthcare spending by condition failed to account for costs associated with institutionalization but when this was factored into the latest research, the category of “mental disorders” moved to the top of the list by a substantial margin. More than 40% of spending on mental health issues are associated with institutionalization, the researchers found.
Roehrig, C., 2016. Mental Disorders Top The List Of The Most Costly Conditions In The United States: $201 Billion. Health Affairs, pp.10-1377. (Full Text)