Waking up each day with good health is something people no longer take for granted. But, the reality is, there are vast disparities in who has good health, and who doesn't.
These health disparities are often driven by interconnected social and economic issues like poverty, structural racism, and access to healthcare, education and opportunity. The challenges are immense, and the numbers are startling. There's a seven-year difference in life expectancy between different racial and ethnic groups. Low-income Americans are five times more likely to report poorer health, and have higher rates of physical limitation, heart disease, diabetes, stroke and other chronic conditions. These disparities are not new but they have been amplified by the COVID-19 pandemic, as communities of color and low-income Americans face greater risks from the virus.
At Abbott, we're focused on advancing health equity through our business and in partnership with others. To deliver results, we've laid out long-term targets for our business as part of our 2030 Sustainability Plan, and we've made equitable care a key principle for our community partnerships.
Advancing Innovation, Access and Affordability
Our purpose is to help people live fully – and we do that by committing day in and day out to creating new technologies that improve people's lives. Pursuing this purpose means we need to create products that are not just effective, but are affordable and accessible to more people who need them. That's why we focus on intentionally designing these elements into the core of how we create new products to improve the health of more people, in more places than ever before.
This approach already has allowed us to make an important impact in the fight against COVID-19, transform the management of diabetes, and extend the reach of heart tech to newborns in need. To learn more, see our story Innovating for Access Now and in the Future.