The spending of $9m in the funding of NSPs in Tasmania from year 2000 to 2009 has resulted in a saving of $21m in healthcare costs, with nearly 3,000 Disability Adjusted Life Years saved with a net financial saving of $12m. A summary of the return on investment of NSP funding in Tasmania is shown in Table 31. The mathematical and economic modelling estimated that continued spending at the same level for ten years would result in $14.5m of cost savings ($12.6m with 3% discounting) and for twenty years 33m (24.8m with 3% discounting). The lifetime net present value of investment in NSPs that took account of all healthcare costs and savings (but not costs associated with productivity losses) would be $165m ($60.3m discounted at 3%).

Table 31: Return on Investment of NSP funding in Tasmania (2000-2009)

Missing values from early years were imputed.
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Healthcare costs saved $m (IQR)
2.0
(1.7-2.3)
2.0
(1.8-2.3)
2.0
(1.8-2.3)
2.1
(1.9-2.3)
2.1
(1.9-2.4)
2.2
(2.0-2.4)
2.2
(2.0-2.5)
2.2
(2.0-2.5)
2.3
(2.1-2.6)
2.4
(2.1-2.6)
NSP funding $m (median)
0.9
0.9
0.9
1.0
1.1
1.0
1.1
0.8
0.8
0.8
Net cost savings $m (median)
1.1
1.1
1.1
1.0
1.0
1.1
1.1
1.4
1.5
1.6
DALY gain (median)
211
252
275
293
307
318
327
335
342
349

Please note that any inconsistencies between the figures presented in the above text and table are due to rounding. Additionally, the results for each jurisdiction are provided to assist in assessment of local return on investment. The small numbers in some jurisdictions may distort parameter uncertainties and should not be used to compare one jurisdiction with another.

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