The Meadows Mental Health Policy Institute (MMHPI) and Cohen Veterans Network (CVN) today issued a report indicating that for every 5% increase in the national unemployment rate, as many as 550 additional U.S. veterans could be lost to suicide annually, and 20,000 more veterans could suffer from substance use disorder as compared to pre-COVID levels
“America made a promise to stand behind the men and women who put their very lives on the line to protect us and keep us free,” said MMHPI President and CEO Andy Keller, PhD. “None of us are immune to the economic effects of the pandemic, and veterans as a group are at risk for increased rates of addiction and suicide as rates of unemployment rise. We need to prepare now, so we are ready when they turn to mental health providers for help.”
“While sometimes ignored or minimized in importance, financial health should be viewed as a fundamental indicator of behavioral health and wellbeing of both veteran and general population health,” said Dr. Anthony Hassan, CEO and President of Cohen Veterans Network. “Our country’s leaders must resist the tendency to reduce behavioral health care funding when local, state and federal budgets become tight.”
The goal of the report is to inform the efforts of policy makers and health systems as they prepare for potential increases in short-term and long-term needs related to mental health and addiction. Proactive efforts can address these needs before they reach crisis levels, improving, and saving lives.
Using data from recent recessions, the report projects potential impacts across a range of sustained unemployment rate increases, ranging from moderate (5%), to severe (10%), to extreme (20%), a rate approaching the unemployment rates experienced during the Great Depression. The report also notes that rates of depression among veterans will be many times higher than the number of deaths.
hese models are based on data collected in previous downturns, and may not account for the unprecedented challenges of this pandemic. Further, models suggest mitigation efforts in place to fight the pandemic are reducing its scope, which could, in turn, reduce the size of some of the impacts.
The entire report can be found at:
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