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On June 18 at the Third Annual Focus on Eye Health National Summit held at the National Press Club in Washington, D.C., Prevent Blindness (PB) released a new report entitled The Future of Vision: Forecasting the Prevalence and Costs of Vision Problems.
This study estimates the current annual cost of vision disorders at $145 billion, which has increased by $6 billion from the $139 billion estimate in PB's 2013 study entitled Cost of Vision Problems: The Economic Burden of Vision Loss and Eye Disorders in the United States. The 2014 study projects that the total annual cost of vision disorders, which includes government, insurance and patient costs, will grow to $373.2 billion in 2050 when expressed in 2014 dollars-which is $717 billion when adjusted for inflation. Of the $373.2 billion estimated 2050 costs, $154 billion or 41 percent will be borne by the federal government as the Baby-Boom generation ages into the Medicare program.
Founded in 1908, Prevent Blindness is a leading volunteer eye health and safety organization dedicated to fighting blindness and saving sight in the United States of America. Focused on promoting a continuum of vision care, Prevent Blindness touches the lives of millions of people each year.
Website: www.preventblindness.org