Economic Studies (2024)

U.S. economic burden of vision loss and blindness

This study estimates the economic burden of vision loss in the United States. Information for this study comes from people who self-identified as blind or having trouble seeing even with glasses. It does not include costs of vision or eye care that are not associated with vision loss.

2017 cost estimates for the U.S. economic burden of vision loss and blindness are as follows:

  • Total: $134.2 billion
    • Medical, nursing home, and supportive services (direct): $98.7 billion
      • Absenteeism, lost production, and informal care (indirect): $35.5 billion

        The largest cost components are:

        • Medical: $53.5 billion
          • Nursing home: $41.8 billion
            • Reduced labor force participation: $16.2 billion

              Nationally, vision loss and blindness cost an average of $16,838 annually per person affected.

              Publication: Rein DB, Wittenborn JS, Zhang P, et al. The Economic Burden of Vision Loss and Blindness in the United States. Ophthalmology. 2022;129(4):369–378. doi:10.1016/j.ophtha.2021.09.010

              Detailed estimates by state, cost category, age group, and sex are available on the CDC website.

              Prevalence of diagnosis of major eye diseases and their associated payments in the Medicare fee-for-service program

              The study estimates the prevalence of the four eye disorders below plus the 2018 related payments among Medicare fee-for-service (FFS) beneficiaries. The study does not include payments for other services related to vision loss and blindness.

              • AMD
                • Cataracts
                  • DR
                    • Glaucoma

                      Medicare is the largest payer of medical expenses for eye diseases. 41% of beneficiaries had at least one claim related to the four vision conditions.

                      Medicare paid $10.2 billion for these four conditions as follows:

                      • AMD: $3.5 billion
                        • Cataracts: $3.6 billion
                          • DR: $0.8 billion
                            • Glaucoma: $2.2 billion

                              These eye conditions accounted for 4% of all Medicare Part B and 1% of all Medicare Part D spending among FFS beneficiaries.

                              The average annual costs of treating these disorders per person are as follows:

                              • AMD: $1,290
                                • Cataracts: $360
                                  • DR: $781
                                    • Glaucoma: $543

                                      Publication: Wittenborn JS, Gu Q, Erdem E, et al. The Prevalence of Diagnosis of Major Eye Diseases and their Associated Payments in the Medicare Fee-for-Service Program. Ophthalmic Epidemiol. Sep 16 2021:1-13. doi:10.1080/09286586.2021.1968006

                                      Economic burden of visual disorders in American adults

                                      This study estimated the economic impact of AMD, cataracts, DR, glaucoma, and refractive error among Americans 40 years and older. The study estimated a total financial burden of major visual disorders of $35.4 billion in 2004:

                                      • Direct medical costs: $16.2 billion
                                        • Other direct costs: $11.1 billion
                                          • Productivity losses: $8 billion

                                            Annually, the federal government and state Medicaid agencies pay at least $13.7 billion of these costs.

                                            Publication: Rein DB, Zhang P, Wirth KE, et al. The Economic Burden of Major Adult Visual Disorders in the United States. Arch Ophthalmol 2006;124(12):1754–1760.

                                            Cost-effectiveness model for AMD

                                            This study simulated the incidence and progression of AMD with and without vitamin therapy*.

                                            Vitamin therapy was found to prevent advanced vision-threatening disease. It reduced the percentage of patients with early AMD who ever developed visual impairment in the better-seeing eye to 5.6% from 7.0% without such therapy.

                                            • Vitamin therapy is more cost effective than other interventions.
                                              • Vitamin therapy reduced vision impairment for patients with AMD.

                                                *Vitamin therapy refers to prophylactic antioxidant vitamin plus zinc supplements.

                                                Publication: Rein DB, Saaddine JB, Wittenborn JS, et al. Cost-effectiveness of Vitamin Therapy for Age-related Macular Degeneration. Ophthalmology 2007;114(7):1319–1326. Abstract of Cost-effectiveness of Vitamin Therapy for Age-related Macular Degeneration.

                                                Report: economic impact of vision problems

                                                This report updates the prior estimate of the economic burden of eye problems released by Prevent Blindness America in 2007. The updated estimate of the total economic burden of eye disorders and vision loss is $139 billion. This is based on the 2011 U.S. population in 2013 dollars. Uncorrectable vision loss was estimated to result in a social burden of 283,000 disability adjusted life years (DALYs) lost.

                                                Impact of Vision Problems [PDF - 197KB]

                                                Cost-effectiveness model for glaucoma

                                                Using a computer model, this study simulated glaucoma incidence, natural progression, diagnosis, and treatment. The study evaluated whether routine assessment and treatment of glaucoma enhances quality of life at a reasonable cost.

                                                Publications:

                                                Rein DB, Wittenborn JS, Lee PP, Wirth KE, Sorensen SW, ho*rger TJ, Saaddine JB. The Cost-effectiveness of Routine Office-based Identification and Subsequent Medical Treatment of Primary Open-angle Glaucoma in the United States. Ophthalmology 2009;116(5):823–832.
                                                Abstract of The Cost-effectiveness of Routine Office-based identification and Subsequent Medical Treatment of Primary Open-angle Glaucoma in the United States.

                                                Rein DB, Wirth KE, Johnson CA, Lee PP. Estimating Quality-adjusted Life Year Losses Associated with Visual Field Deficits Using Methodological Approaches. Ophthalmic Epidemiol 2007;14(4):258–264.
                                                Abstract of Estimating Quality-adjusted Life Year Losses associated with Visual Field Deficits Using Methodological Approaches.

                                                Economic Studies (2024)

                                                FAQs

                                                Is economics studies hard? ›

                                                Is economics a hard major? Just as any major has its challenging courses, economics requires the study of complex concepts that don't often have black-and-white solutions.

                                                How to study economics easily? ›

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                                                3. Try to study in the same place at the same time every day.
                                                4. At the beginning of each study, period review the last thing you studied for 10 minutes.
                                                5. Rewrite your notes. ...
                                                6. Read your notes out loud.
                                                May 24, 2019

                                                Why do I find economics so hard? ›

                                                The problem: why is economics so confusing? Economics is confusing to a lot of people because it deals with abstract concepts that are difficult to wrap your head around. In addition, the field of economics is constantly changing and evolving, which makes it hard to keep up with the latest thinking.

                                                How to pass an econ exam? ›

                                                PREPARING FOR EXAMS

                                                Integrate and review lecture and text notes; make a list of key topics, concepts, problems, theories, models, and terms. Review via ACTIVE RECALL rather than just passive re-reading. Re-work homework questions and workbook problems.

                                                Is economics a lot of math? ›

                                                Math and statistics are used in economics, but at the undergraduate degree level, the math and statistics are certainly not overwhelming. Economics majors are usually required to take one statistics course and one math course (usually an introductory calculus course).

                                                Is economics harder than chemistry? ›

                                                It depends on what you understand better. Do you understand algebra and puzzles well? Chemistry is easier for you. But if you can understand cause and effect and if you're good at remembering a lot of definitions, economics may be easier for you.

                                                Is it easy to pass economics? ›

                                                Economics is a difficult class. If you feel like it's tough and you're struggling, just remember that you're not alone.

                                                Can I teach myself economics? ›

                                                You can learn economics all on your own without the benefit of formal education. You can also start learning economics when you're in high school or even earlier, if you're ambitious. You can carry that love through college and even postgraduate work.

                                                How to ace an economics exam? ›

                                                Here are the top ten tips for approaching your Class 12 Economics Exam:
                                                1. Familiarize Yourself with the Question Paper Pattern: ...
                                                2. Plan Your Class 12 Economics Exam Answers' Presentation: ...
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                                                Feb 12, 2024

                                                Can I do economics if I'm bad at maths? ›

                                                Most universities with economics majors will require at least a basic level of mathematics. This, however, should not discourage anyone from pursuing an undergraduate degree in economics. With that said there are options for those who's strong-suit is not math but would still like to dive into the world of economics.

                                                What is the hardest thing in economics? ›

                                                The most difficult concept in economics is that if transaction cost. I do not know of anybody other than Ronald Coase to have any clue what it is. Definition: The transaction cost is the cost, after an object has already been produced, to send it from the original producer to the ultimate consumer.

                                                Is a BA in economics hard? ›

                                                Whatever college you choose, economics is not an easy degree choice. It requires a great deal of critical thinking and analysis for economics students. As you advance, the subject matter gets more thought-provoking and challenging. This is not meant to deter you from an economics major.

                                                Is ECON major harder than finance? ›

                                                As a finance degree heavily depends on financial analysis and modeling, students may find the material more difficult if they struggle with mathematical concepts. However, students seeking an economics degree might have difficulty understanding abstract ideas like economic theory and policy analysis.

                                                How to remember economics answer? ›

                                                3 Essential Tips for Memorizing Content for Economics
                                                1. Don't get "lost" in the lecture notes. It is very comforting to just spend hours reading lecture notes and praying/hoping that your grades will jump. ...
                                                2. Active Recall, Active Recall, Active Recall. Active recall is forcing yourself to remember something. ...
                                                3. Bird's-eye View.
                                                Nov 11, 2021

                                                Is Econ a hard class in college? ›

                                                A few of the hardest college classes include economics, linguistics, and statistics. When preparing for a new semester, it's important to understand the difficulty level of various courses so you can plan your time accordingly.

                                                How difficult is an economics degree? ›

                                                In order to earn a master's degree in economics, you must put in a lot of effort and focus on economic theories and their applications. You'll need to analyze complex data sets, draw conclusions, and write assignments. Your school may require research or an internship. Graduation may require a master's thesis.

                                                Is economics a hard class to take? ›

                                                Compared to other social studies classes, students tend to find government and economics to be fairly balanced in terms of difficulty—it's not usually regarded as the most challenging AP course, but it does require a consistent effort.

                                                Is economics harder than finance? ›

                                                As a finance degree heavily depends on financial analysis and modeling, students may find the material more difficult if they struggle with mathematical concepts. However, students seeking an economics degree might have difficulty understanding abstract ideas like economic theory and policy analysis.

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