It makes sense intuitively that there would be a significant impact but I would never have guessed it would be close to that amount. Will be interesting to see the analysis and pushback Gun violence that causes tens of thousands of U.S. deaths each year — far more than any other developed nation — is having a significant, negative impact on the country’s economy, Harvard Medical School researchers said. Harvard Medical School researchers found that gun violence costs the U.S. some $557 billion annually, or 2.6% of gross domestic product, according to the peer-reviewed study published in the journal JAMA. The majority of that cost is attributed to quality-of-life losses among those injured by firearms and their families. “Employers and their health insurers sustain a substantial financial burden from firearm injuries and have a financial incentive to prevent them,” Zirui Song, associate professor of health care policy in the Blavatnik Institute at Harvard Medical School and associate professor of medicine at Massachusetts General Hospital, said in a statement. “However, U.S. businesses have by and large not engaged publicly on the subject of firearms, despite spending large sums on other efforts to promote employee health.” Gun violence costs US $557B per year, researchers find - Tampa Bay Times
