NSP spending in Victoria of $71m has resulted in a saving of $224m in healthcare costs across the 10 years from 2000 to 2009, yielding net financial savings of $153m, as well as more than 33,000 Disability Adjusted Life Years saved. A summary of the return on investment of NSP funding in Victoria is shown in Table 35. The mathematical and economic modelling estimated that if NSPs are continued at the same level of funding in Victoria for the next ten years, $133m of net financial savings will accrue ($106m discounted at 3%) and for twenty years $354m ($237m discounted at 3%). 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 $4.53bn ($1.31bn discounted at 3%).

Table 35: Return on Investment of NSP funding in Victoria (2000-2009)

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Healthcare costs saved $m (IQR)
20
(18-24)
18
(16-21)
18
(16-22)
18
(16-23)
20
(17-24)
21
(18-26)
22
(19-28)
25
(21-31)
29
(24-36)
33
(27-41)
NSP funding $m (median)
6
6
6
7
7
6
8
8
8
8
Net cost savings $m (median)
14
12
12
11
12
14
15
17
21
24
DALY gain (median)
2,574
2,835
2,961
3,039
3,135
3,284
3,512
3,750
4,079
4,557

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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