Life Science Can Strengthen Health Equity.
As the world charts its way towards a new normal, there’s a growing population in need of care that is disadvantaged within a system that provides little equity in healthcare. Health equity is an important factor in how global communities go forward to promote fairness and justice across diverse populations.
Although the scenario of health inequity continues to look grim due to the retrenchment and neglect of the provisions of public good in health matters. Life science organization’s should share in the social change that can bridge the gap, partnering on patient health literacy and improving demographic disparities in research. Limited health literacy has been associated with high health system costs, with over 73 (US $) billion dollars spent on medical costs associated with communities that had limited health literacy (1998, US National Academy on an Aging Society).
With earnings of ~1.2 trillion dollars in 2019, life science has invested in solving the most pressing health crisis. In addition over 90% have contributed to philanthropic organizations and or, have lent time to community outreach. Building partnerships within community organizations to demonstrate their social commitment on health equity extends their impact and will have a resounding effect on patient lives.