Bicycle accidents take a heavy toll on the US economy. Now, a new study finds that these crashes cost the American economy more than $24 billion a year in health care and other costs. What’s worse, the study also finds that those costs have been steadily increasing over the years.
Researchers focused on fatal and non-fatal bicycle accidents across the country between 1999 and 2013. They found that during this period of time, there were a total of 3.8 million non-fatal bicycle accident injuries and nearly 10,000 bicycle accident fatalities. Researchers also found an alarming 120% increase in the number of hospital admissions related to bicycle accidents.
There is a specific reason why costs associated with bicycle accidents, especially healthcare costs, have been increasing the way they have. Accidents involving older bicyclists are one of those factors. Accident-related costs involving cyclists over the age of 45 contribute heavily to those expenses, because these crashes are usually involve longer hospital stays, and higher recovery times after accidents.