Environmental Health:Economic Costs of Environmental Damage And Suggested Priority Interventions
by No to mining in Palawan on Apr 24, 2011
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Environmental Health: ...
Economic Costs of Environmental Damage
And Suggested Priority Interventions
A Contribution to the Philippines
Country Environmental Analysis
The World Bank
March 31, 2009
The results indicate that the economic costs of pollution and sanitation-related
health effects are high and cannot be ignored. The combined costs for all three sectors in 2003 totaled PhP 42.4 billion (USD 783.2 million) in lost productivity due to premature deaths or PhP 168.4 billion (USD 3.1 billion) in terms of value of statistical life (Table1). In addition, the cost of morbidity was PhP 18.3 billion (USD 337.6 million), comprising of loss in productivity totaling PhP 10.4 billion (USD 191.3 million), direct costs to Filipino households to treat these illnesses totaling PhP 6.4 billion (USD 118.7 million), and the cost to the government health care insurance system—representing the subsidy for PhilHealth members’ hospitalization costs—and for general government subsidy for publicly-owned health facilities was close to PhP 1.5 billion (USD 27.6 million).
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