When McKinsey is not boosting the sales of OxyContin or bribing government officials, it’s doing some pretty fine work around aging.
A new report from the McKinsey Health Institute argues that every dollar invested in healthy aging could yield three dollars in economic and healthcare benefits across the U.S. McKinsey analyzed 18 different interventions to support healthy aging and found that each of the interventions would produce a positive return on investment, sometimes as high as 2400%.
The interventions range from supporting social participation to promoting wellness to investing in science and providing enhanced technology to older adults. All of them produce positive returns – both in terms of impact and economic return – with the highest rated intervention being “orchestrating volunteer-matching programs”, which had that 2400% ROI. That, along with supporting employment reentry and expanding continuing education programs, were part of an overall concept of increasing social participation.
Other high value ideas include investing in in-home medication reminder technology (760% return), improving housing affordability (700%) and, somewhat to our surprise, subsidizing defensive driving courses (1440%). You can read the results here.