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Increased
morbidity and mortality is resulting in both a smaller and younger economically active
population. Both morbidity and mortality have economic repercussions for all levels of
society, from the individual through to the government level. For example, individual
level economic repercussions may include the diversion of household resources to health
care during times of illness (and funeral costs at death). Labour market economic
repercussions include costs associated with, for example, increased absenteeism and staff
attrition. In short, all levels of society interact with one another and as a result, all
will be affected. The resulting macro-economic impact is not the cumulative impact of each
of these levels but rather the collective effect of the interactions between the various
levels. |