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Cost benefit analysis of young people's treatment shows that benefits significantly outweigh the costs of provision
Thursday 24 February 2011 Research commissioned by the Department for Education demonstrates benefits to society that outweigh the cost of providing the treatment. The report - 'Specialist drug and alcohol services for young people: a cost benefit analysis' looks at both the immediate benefits of treatment and the longer-term benefits - and assesses the value of substance misuse services. The researchers say that every pound invested in such services saves the taxpayer between £5 and £8 over a lifetime, based on the most conservative assumptions. Even over a two year period, the immediate benefit gained from each £1 invested is estimated as worth about £2. The report concluded that "Overall, the study has shown that the immediate and long-term benefits of specialist substance misuse treatment for young people are likely to significantly outweigh the cost of providing this treatment. In particular, we have estimated a benefit of £4.66 - £8.38 for every £1 spent on young people's drug and alcohol treatment. "Furthermore, our central case estimates are based on a conservative set of assumptions. Therefore the benefit of specialist drug and alcohol treatment for young people may be larger than we report here." http://www.alcoholconcern.org.uk/news-centre/news/cost-benefit-analysis-of-young-peoples-treatment?dm_i=4OQ,D24C,12HZG5,115Z1,1 Comments are closed.
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