1
00:00:00,680 --> 00:00:04,920
Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr

2
00:00:04,960 --> 00:00:08,680
Speaker 1: the Order Kerni Whoalbury and a waddery woman. And before

3
00:00:08,680 --> 00:00:11,160
Speaker 1: we get started on She's on the Money podcast, I

4
00:00:11,160 --> 00:00:14,319
Speaker 1: would like to acknowledge the traditional custodians of the land

5
00:00:14,400 --> 00:00:17,680
Speaker 1: of which this podcast is recorded on a wondery country,

6
00:00:18,120 --> 00:00:22,240
Speaker 1: acknowledging the elders, the ancestors and the next generation coming

7
00:00:22,320 --> 00:00:26,960
Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing

8
00:00:27,080 --> 00:00:30,120
Speaker 1: and the storytelling of you to make a difference for

9
00:00:30,240 --> 00:00:32,640
Speaker 1: today and lasting impact for tomorrow.

10
00:00:33,320 --> 00:00:34,120
Speaker 2: Let's get into it.

11
00:00:34,800 --> 00:00:54,080
Speaker 3: She's on the Money, She's on the Money.

12
00:00:57,880 --> 00:01:00,680
Speaker 4: Hello, and welcome to She's on the Money, the podcast

13
00:01:00,760 --> 00:01:04,440
Speaker 4: for millennials who want financial freedom. Two weeks ago we

14
00:01:04,480 --> 00:01:07,200
Speaker 4: did an episode on the cost of care with Rhiann

15
00:01:07,240 --> 00:01:09,040
Speaker 4: and Tracy, who was so good.

16
00:01:09,080 --> 00:01:11,360
Speaker 2: That was such a great episode humans.

17
00:01:11,640 --> 00:01:14,240
Speaker 4: We covered a whole range of diseases and injuries and

18
00:01:14,280 --> 00:01:17,280
Speaker 4: looked at the real and very hidden costs of living

19
00:01:17,280 --> 00:01:20,679
Speaker 4: with these conditions. It was such a huge episode and

20
00:01:20,840 --> 00:01:24,080
Speaker 4: so eye opening, so I recommend taking a listen if

21
00:01:24,120 --> 00:01:25,880
Speaker 4: you haven't already. But we just wanted to do a

22
00:01:25,920 --> 00:01:29,120
Speaker 4: few more episodes focusing on particular conditions because there is

23
00:01:29,240 --> 00:01:32,479
Speaker 4: so much to learn and discuss. Today. We're looking at

24
00:01:32,480 --> 00:01:36,080
Speaker 4: mental health, the stats, the hidden and real costs, and

25
00:01:36,240 --> 00:01:38,840
Speaker 4: so much more. My name is Beck and with me

26
00:01:39,200 --> 00:01:40,440
Speaker 4: is Victoria Devine.

27
00:01:40,600 --> 00:01:43,040
Speaker 2: Hello, my love, how are you?

28
00:01:43,040 --> 00:01:43,240
Speaker 5: You know?

29
00:01:44,080 --> 00:01:48,000
Speaker 2: I'm pretty nice and chills. Oh, you're pretty nice today.

30
00:01:48,080 --> 00:01:50,360
Speaker 4: I feel like, you know, when you're like a slightly sleepy,

31
00:01:50,360 --> 00:01:53,880
Speaker 4: but not enough to be like tired, tired, You're just

32
00:01:54,000 --> 00:01:54,960
Speaker 4: kind of in a chill.

33
00:01:55,120 --> 00:01:57,040
Speaker 2: No, the second I get slightly slightly I'm like, does

34
00:01:57,080 --> 00:01:59,680
Speaker 2: this man, I get to go to bed? Any excuse

35
00:01:59,760 --> 00:02:03,160
Speaker 2: to go to bed? Mental health goback? Okay, because I

36
00:02:03,320 --> 00:02:06,720
Speaker 2: am wildly passionate about this topic, but also just about

37
00:02:06,720 --> 00:02:09,800
Speaker 2: talking about insurance and talking about protecting ourselves and putting

38
00:02:09,800 --> 00:02:12,600
Speaker 2: ourselves in the best possible position. And you already know

39
00:02:12,720 --> 00:02:15,839
Speaker 2: because I have drummed this into you that as Australians

40
00:02:15,840 --> 00:02:18,720
Speaker 2: we are some of the most underinsured people in the

41
00:02:18,919 --> 00:02:22,680
Speaker 2: entire world. But also I really hope that by talking

42
00:02:22,680 --> 00:02:25,560
Speaker 2: about the realities of the costs behind these illnesses and conditions,

43
00:02:25,600 --> 00:02:28,880
Speaker 2: we can actually really help open up conversation about the

44
00:02:28,960 --> 00:02:31,800
Speaker 2: realities of living with these conditions and the stigma that

45
00:02:31,840 --> 00:02:36,160
Speaker 2: currently and still unfortunately surrounds them, and mental health is

46
00:02:36,200 --> 00:02:39,120
Speaker 2: something that is so close to my own heart. So

47
00:02:39,400 --> 00:02:42,480
Speaker 2: before we get even further into this, I do think

48
00:02:42,520 --> 00:02:46,280
Speaker 2: that this episode deserves a content warning. So if the

49
00:02:46,360 --> 00:02:50,000
Speaker 2: discussion around mental health and the topic of suicide is

50
00:02:50,040 --> 00:02:52,120
Speaker 2: not going to be a conversation you want to have today,

51
00:02:52,280 --> 00:02:54,920
Speaker 2: that is totally fine, my loves. I have put some

52
00:02:55,120 --> 00:02:57,560
Speaker 2: resources in our show notes to make sure that you

53
00:02:57,600 --> 00:02:59,840
Speaker 2: can reach out for the support that you need and deserve.

54
00:03:00,320 --> 00:03:02,720
Speaker 2: But also don't feel bad to just skip this episode

55
00:03:02,760 --> 00:03:05,400
Speaker 2: skip ahead. Turns out, beg, We've got a lot of

56
00:03:05,440 --> 00:03:07,960
Speaker 2: other episodes you can listen to that won't talk about

57
00:03:07,960 --> 00:03:10,200
Speaker 2: those topics. You won't be missing out. No, you won't

58
00:03:10,200 --> 00:03:12,080
Speaker 2: be missing I mean hopefully you will be missing out

59
00:03:12,080 --> 00:03:14,640
Speaker 2: because it's a really good topic. I think that, yeah,

60
00:03:14,680 --> 00:03:16,680
Speaker 2: there's a time and a place for conversations like that,

61
00:03:16,800 --> 00:03:18,320
Speaker 2: and if you're not in the headspace for it, don't

62
00:03:18,320 --> 00:03:19,280
Speaker 2: do it because it's not worth it.

63
00:03:19,400 --> 00:03:21,960
Speaker 4: Totally fine, that's very well said. Be So that actually

64
00:03:22,040 --> 00:03:23,679
Speaker 4: is ought to get to today. But what is a

65
00:03:23,720 --> 00:03:26,880
Speaker 4: snapshot of the prevalence of mental health conditions in Australia.

66
00:03:27,080 --> 00:03:29,919
Speaker 2: So I've gone on and on about this. The cost

67
00:03:29,960 --> 00:03:33,040
Speaker 2: of care white paper by Zurich is one of my

68
00:03:33,240 --> 00:03:37,320
Speaker 2: favorite white papers ever produced because we really didn't have

69
00:03:37,640 --> 00:03:40,840
Speaker 2: enough insight into the cost of these conditions before that

70
00:03:41,120 --> 00:03:43,440
Speaker 2: we could google it and like there was I guess,

71
00:03:43,560 --> 00:03:46,520
Speaker 2: you know, eclectic resources on this, but there wasn't like

72
00:03:46,600 --> 00:03:49,400
Speaker 2: one paper that had really focused on it. And I mean,

73
00:03:49,400 --> 00:03:51,760
Speaker 2: this paper was done a few years ago, and I'm

74
00:03:51,800 --> 00:03:54,400
Speaker 2: absolutely certain that they are probably going to re release

75
00:03:54,440 --> 00:03:56,920
Speaker 2: one at some point. I would love to see one

76
00:03:57,360 --> 00:04:00,760
Speaker 2: on the cost of mental health during COVID. I feel

77
00:04:00,760 --> 00:04:04,120
Speaker 2: like that would be a really interesting read. And as

78
00:04:04,160 --> 00:04:07,440
Speaker 2: an ex financial advisor, I obviously had a lot of

79
00:04:07,520 --> 00:04:09,240
Speaker 2: exposure to this side of it, and I don't think

80
00:04:09,240 --> 00:04:11,160
Speaker 2: the general public goes you know what I'm going to do.

81
00:04:11,200 --> 00:04:13,440
Speaker 2: I'm going to go to an insurer's website. I'm going

82
00:04:13,480 --> 00:04:15,960
Speaker 2: to read their white papers on the cost of care.

83
00:04:16,200 --> 00:04:19,800
Speaker 2: But a promise it's really exciting, riveting stuff, and this

84
00:04:20,040 --> 00:04:23,039
Speaker 2: white paper, I guess to go more into it. It

85
00:04:23,080 --> 00:04:25,520
Speaker 2: talked about the cost of care of mental health.

86
00:04:25,680 --> 00:04:30,200
Speaker 4: So forty five point five percent of the total population

87
00:04:30,400 --> 00:04:34,800
Speaker 4: beck experience a mental health condition at some point in

88
00:04:34,839 --> 00:04:35,680
Speaker 4: their life.

89
00:04:36,360 --> 00:04:38,520
Speaker 2: Half of us. Well, it slower than I thought.

90
00:04:38,600 --> 00:04:39,960
Speaker 4: I kind of think it's lower, and I know that

91
00:04:40,000 --> 00:04:41,560
Speaker 4: it should be like it's a big number and it

92
00:04:41,600 --> 00:04:43,920
Speaker 4: should be like, oh my gosh, that's a lite.

93
00:04:44,000 --> 00:04:46,720
Speaker 2: Yeah, I just feel like it's I don't know. I'm

94
00:04:46,760 --> 00:04:49,920
Speaker 2: not going to disagree with Zurich because they're actual, genuine researchers.

95
00:04:50,120 --> 00:04:52,760
Speaker 2: I'm just a plub x financial advisor who was given

96
00:04:52,760 --> 00:04:55,119
Speaker 2: a podcast like I don't even know how that happened. Still,

97
00:04:55,560 --> 00:04:59,200
Speaker 2: but I just feel like I just keep it health. Yeah. No,

98
00:04:59,320 --> 00:05:02,320
Speaker 2: I really don't get it, like it's like imposter syndrome,

99
00:05:02,560 --> 00:05:06,560
Speaker 2: but like it's not imposter syndrome. I'm genuinely an imposta,

100
00:05:06,680 --> 00:05:09,520
Speaker 2: Like I don't suggest postra no, no syndrome.

101
00:05:09,640 --> 00:05:09,839
Speaker 1: Yeah.

102
00:05:09,839 --> 00:05:12,080
Speaker 2: I guess when we talk about forty five point five

103
00:05:12,080 --> 00:05:15,039
Speaker 2: percent of the total population experiencing a mental health condition,

104
00:05:15,720 --> 00:05:18,719
Speaker 2: one hundred percent of us, from my perspective, have mental health.

105
00:05:19,480 --> 00:05:21,640
Speaker 2: Whether we have a conditional or not is going to

106
00:05:21,680 --> 00:05:25,320
Speaker 2: depend a lot on our medical history and the circumstances

107
00:05:25,320 --> 00:05:27,840
Speaker 2: we are exposed to, and the environment that we grow

108
00:05:27,920 --> 00:05:30,640
Speaker 2: up in and the environments that we experience and the

109
00:05:30,680 --> 00:05:32,760
Speaker 2: events that we go through and the trauma that we experience.

110
00:05:32,800 --> 00:05:35,640
Speaker 2: And there's so many things, right, but from my perspective,

111
00:05:35,680 --> 00:05:37,760
Speaker 2: every single one of us has mental health, and we

112
00:05:38,200 --> 00:05:41,560
Speaker 2: either have really good mental health and you're very, very lucky,

113
00:05:42,160 --> 00:05:46,159
Speaker 2: or you experience some you know, mental health issues along

114
00:05:46,200 --> 00:05:49,000
Speaker 2: the way. So I think that's important to differentiate at

115
00:05:49,040 --> 00:05:51,520
Speaker 2: the start, like you don't just not have mental health

116
00:05:51,600 --> 00:05:55,240
Speaker 2: like we all do. The prevalence means it actually shares

117
00:05:55,680 --> 00:05:59,120
Speaker 2: the stage beack with cancer and heart disease as a

118
00:05:59,120 --> 00:06:03,640
Speaker 2: group of high impact medical life disruptors, and mental health

119
00:06:03,640 --> 00:06:08,239
Speaker 2: conditions are present in all ages and in all socioeconomic groups,

120
00:06:08,240 --> 00:06:10,000
Speaker 2: which I don't think is going to come as a

121
00:06:10,040 --> 00:06:13,640
Speaker 2: surprise to any of us. Mental health conditions can include

122
00:06:13,680 --> 00:06:17,800
Speaker 2: effective disorders, so things like depression and bipolar and schizophrenia,

123
00:06:17,920 --> 00:06:22,640
Speaker 2: anxiety disorders including panic attacks and stress disorders, and substance

124
00:06:22,680 --> 00:06:26,600
Speaker 2: abuse disorders so alcohol and drug dependencies fall under this.

125
00:06:27,440 --> 00:06:30,760
Speaker 2: One in six women and one in eight men beck

126
00:06:31,000 --> 00:06:35,320
Speaker 2: will experience depression during their lifetime, and one in three

127
00:06:35,440 --> 00:06:40,240
Speaker 2: women and one in five men will experience anxiety. Mental

128
00:06:40,240 --> 00:06:43,960
Speaker 2: health conditions are most common in those aged between twenty

129
00:06:43,960 --> 00:06:47,240
Speaker 2: five and thirty four years old, affecting nearly one in

130
00:06:47,440 --> 00:06:51,200
Speaker 2: four and this then declines with age, and they affect

131
00:06:51,240 --> 00:06:54,160
Speaker 2: women more than men across all age groups and those

132
00:06:54,200 --> 00:06:58,880
Speaker 2: living in rural areas. And individuals spend and estimated thirteen

133
00:06:59,000 --> 00:07:02,680
Speaker 2: hundred and fifty dollars per year out of pocket for

134
00:07:02,880 --> 00:07:07,160
Speaker 2: mental health conditions, with medications accounting for one third of

135
00:07:07,200 --> 00:07:09,479
Speaker 2: these cost Wow, isn't that wild.

136
00:07:09,760 --> 00:07:12,120
Speaker 4: Have you had any experience with kind of like the

137
00:07:12,720 --> 00:07:15,680
Speaker 4: i'd say, prescribed mental health drug?

138
00:07:15,920 --> 00:07:19,080
Speaker 2: Yes, I have. I guess you're new here, so welcome

139
00:07:19,320 --> 00:07:21,600
Speaker 2: to you know, a little bit of a deep dive

140
00:07:21,640 --> 00:07:25,920
Speaker 2: into Victoria's medical history. So I have been diagnosed with

141
00:07:26,040 --> 00:07:30,200
Speaker 2: clinical depression and anxiety. I also have ADHD and have

142
00:07:30,360 --> 00:07:34,240
Speaker 2: a mental health history of eating disorders. So I was

143
00:07:34,560 --> 00:07:38,840
Speaker 2: hospitalized in my teenage years for a significant period of

144
00:07:38,920 --> 00:07:41,720
Speaker 2: time for anorexia. And that is something that you know

145
00:07:41,760 --> 00:07:43,720
Speaker 2: on previous episodes I've spoken about and I think it's

146
00:07:43,760 --> 00:07:45,920
Speaker 2: just so important to just address it. I don't think

147
00:07:45,960 --> 00:07:49,640
Speaker 2: it changes my value as a human being. I don't

148
00:07:49,720 --> 00:07:53,280
Speaker 2: think it changes anything about the way you should view me.

149
00:07:53,560 --> 00:07:57,960
Speaker 2: In fact, I think that those experiences have just made

150
00:07:58,160 --> 00:08:00,600
Speaker 2: my experience richer. Right, And when I talk about a

151
00:08:00,640 --> 00:08:03,760
Speaker 2: topic like this, I am speaking from experience, I have

152
00:08:03,840 --> 00:08:07,520
Speaker 2: been medicated since the age of fourteen for depression and anxiety.

153
00:08:07,760 --> 00:08:10,880
Speaker 2: I've tried a number of different medications, and I'm still

154
00:08:10,920 --> 00:08:14,720
Speaker 2: on a medication today, and I take what I guess

155
00:08:15,600 --> 00:08:19,280
Speaker 2: doctors would deem a relatively high dosage of depression and

156
00:08:19,320 --> 00:08:23,800
Speaker 2: anxiety medication. And I strongly believe I'm never coming off

157
00:08:23,840 --> 00:08:25,920
Speaker 2: that I have tried coming off that, because there have

158
00:08:26,000 --> 00:08:29,120
Speaker 2: been periods of my life where I go, I don't

159
00:08:29,160 --> 00:08:31,360
Speaker 2: want to be medicated, like and there's the stigma that

160
00:08:31,400 --> 00:08:33,040
Speaker 2: you apply to yourself when you're like, I don't need

161
00:08:33,080 --> 00:08:36,760
Speaker 2: this medication anymore. But I guess now the period of

162
00:08:36,760 --> 00:08:38,560
Speaker 2: my life that I am in, I have come to

163
00:08:38,600 --> 00:08:42,240
Speaker 2: the realization that my medication for my anxiety and my

164
00:08:42,280 --> 00:08:46,480
Speaker 2: depression is actually a bit like the medication a diabetic

165
00:08:46,520 --> 00:08:50,480
Speaker 2: would have, right, and a diabetic it doesn't have enough

166
00:08:50,520 --> 00:08:55,000
Speaker 2: insulin to make their body function properly. Right, so you

167
00:08:55,040 --> 00:08:58,439
Speaker 2: would go, okay, diabetic, here's some insulin. And I mean

168
00:08:58,440 --> 00:09:01,320
Speaker 2: that's a very basic way of explos They get that

169
00:09:01,440 --> 00:09:03,640
Speaker 2: their life can carry on as normal, and beck you

170
00:09:03,679 --> 00:09:06,400
Speaker 2: would know, you don't just get better and then all

171
00:09:06,400 --> 00:09:09,560
Speaker 2: of a sudden start producing insulin. As a diabetic, you

172
00:09:09,600 --> 00:09:11,320
Speaker 2: just take that for the rest of your life and

173
00:09:11,320 --> 00:09:14,320
Speaker 2: monitor those levels and make sure they're okay. Right. I

174
00:09:14,360 --> 00:09:17,880
Speaker 2: believe the same happens in my brain because my depression

175
00:09:17,880 --> 00:09:21,480
Speaker 2: and anxiety isn't trauma related. It's actually just I think

176
00:09:21,520 --> 00:09:24,760
Speaker 2: it could potentially be just in my genetics. It's in

177
00:09:24,800 --> 00:09:28,280
Speaker 2: my DNA, and I just don't have enough dopamine and

178
00:09:28,320 --> 00:09:31,000
Speaker 2: I don't have enough serotonin in my brain. And I

179
00:09:31,080 --> 00:09:34,120
Speaker 2: take those drugs to make sure that I can function

180
00:09:34,360 --> 00:09:37,360
Speaker 2: at the same level as you can. So from my experience, yes,

181
00:09:37,400 --> 00:09:39,240
Speaker 2: I have had a lot of experience with drugs. I

182
00:09:39,240 --> 00:09:41,800
Speaker 2: have drugs that have worked for me. I've had drugs

183
00:09:41,800 --> 00:09:43,600
Speaker 2: that haven't worked for me. I've had to go through

184
00:09:43,600 --> 00:09:48,440
Speaker 2: a drug withdrawal program because my depression drugs were really

185
00:09:48,480 --> 00:09:52,960
Speaker 2: messing with me. And I also take stimulants for my ADHD,

186
00:09:53,160 --> 00:09:55,360
Speaker 2: but I am not good at taking those stimulants because

187
00:09:55,360 --> 00:09:57,440
Speaker 2: I don't like how they make me feel sure, so

188
00:09:57,679 --> 00:10:00,160
Speaker 2: I avoid them, and that would be really, really tough.

189
00:10:00,160 --> 00:10:03,480
Speaker 2: If there's something that you, I guess maybe need is

190
00:10:03,520 --> 00:10:05,880
Speaker 2: need a strong word, Yeah, no, no, I definitely need to

191
00:10:06,040 --> 00:10:06,920
Speaker 2: need to take them.

192
00:10:07,000 --> 00:10:09,000
Speaker 4: Yeah, And you don't like the way you feel when

193
00:10:09,000 --> 00:10:11,440
Speaker 4: you take them, and that's just that seems like a

194
00:10:11,480 --> 00:10:15,200
Speaker 4: really unfortunate kind of like catch twenty two.

195
00:10:15,440 --> 00:10:18,480
Speaker 2: It's a massive catch twenty two. And I suppose I'm

196
00:10:18,520 --> 00:10:22,640
Speaker 2: so lucky in that for me medication. I mean, I

197
00:10:22,720 --> 00:10:24,400
Speaker 2: talk about the stigma, right, and I say, oh, I

198
00:10:24,440 --> 00:10:26,400
Speaker 2: went off them because I just didn't want them back.

199
00:10:26,440 --> 00:10:29,000
Speaker 2: I just didn't want to be on medication, Like at

200
00:10:29,000 --> 00:10:31,120
Speaker 2: the end of the day, it's just something I didn't want.

201
00:10:31,400 --> 00:10:33,800
Speaker 2: But no one really wants that, right, Like you don't

202
00:10:33,840 --> 00:10:36,400
Speaker 2: want to be taking insulin for the rest of your life,

203
00:10:36,440 --> 00:10:38,520
Speaker 2: but you do it because you want to be healthy,

204
00:10:38,600 --> 00:10:39,920
Speaker 2: and that's just the key to it.

205
00:10:40,040 --> 00:10:40,319
Speaker 5: Right.

206
00:10:40,559 --> 00:10:43,960
Speaker 2: So I think for me my need, I don't have

207
00:10:44,000 --> 00:10:47,240
Speaker 2: a choice. If I don't take my anxiety and depression drugs,

208
00:10:47,320 --> 00:10:49,640
Speaker 2: I'm not a functional member of society. I just am

209
00:10:49,679 --> 00:10:52,280
Speaker 2: not I am not happy, I am not kind, I

210
00:10:52,320 --> 00:10:55,440
Speaker 2: am not any of those things. But then if I

211
00:10:55,480 --> 00:10:58,120
Speaker 2: don't take my stimulants, I'm just not as productive. And

212
00:10:58,720 --> 00:11:01,200
Speaker 2: I mean, I feel very luck key to live in

213
00:11:01,280 --> 00:11:05,400
Speaker 2: twenty twenty three and I have access to a plethora

214
00:11:05,520 --> 00:11:07,960
Speaker 2: of research. And I've said this before and it's not

215
00:11:08,320 --> 00:11:10,559
Speaker 2: you know, I don't want to name the supplements I

216
00:11:10,640 --> 00:11:12,600
Speaker 2: take because we've talked about it before. I'm not a doctor,

217
00:11:13,200 --> 00:11:16,840
Speaker 2: and this is me sharing my anecdotal experience, not me

218
00:11:16,960 --> 00:11:19,520
Speaker 2: sharing medical information. And I would hate for you to go,

219
00:11:19,600 --> 00:11:22,320
Speaker 2: oh my gosh. Well, Victorious said on a podcast that

220
00:11:22,400 --> 00:11:26,880
Speaker 2: this particular supplement helped her, Like, that's not from my perspective,

221
00:11:26,920 --> 00:11:30,480
Speaker 2: responsible of me to share that. Just because it works

222
00:11:30,480 --> 00:11:32,160
Speaker 2: for me doesn't mean it will work for you. But

223
00:11:32,240 --> 00:11:36,319
Speaker 2: I have done so much personal research into different supplements

224
00:11:36,400 --> 00:11:40,520
Speaker 2: and like mushrooms, like the non not magic mushrooms, like

225
00:11:40,880 --> 00:11:43,320
Speaker 2: different types of mushrooms and supplements and things that I

226
00:11:43,320 --> 00:11:45,760
Speaker 2: can take that kind of act in a way that

227
00:11:45,840 --> 00:11:48,320
Speaker 2: a stimulant does. And if you're in that circumstance and

228
00:11:48,320 --> 00:11:50,199
Speaker 2: you want to do that, research is really easy to find.

229
00:11:50,640 --> 00:11:52,800
Speaker 2: Like it's not hard. It's all over TikTok, it's all

230
00:11:52,800 --> 00:11:55,800
Speaker 2: over Instagram, it's all over Google. You just google it

231
00:11:55,840 --> 00:11:58,160
Speaker 2: and you can stuck going down that rabbit hole and

232
00:11:58,200 --> 00:12:00,240
Speaker 2: working out what might work for you. But sure, yeah,

233
00:12:00,320 --> 00:12:02,719
Speaker 2: my stimulants I rely on maybe like a couple of

234
00:12:02,800 --> 00:12:05,920
Speaker 2: times a week when I really have to set my

235
00:12:06,000 --> 00:12:08,520
Speaker 2: mind to something or i'm feeling extra agitated or I'm

236
00:12:08,520 --> 00:12:12,120
Speaker 2: feeling extra bouncy. Sure, yeah, yeah, yeah, just like that.

237
00:12:12,200 --> 00:12:13,960
Speaker 2: But like even in this moment, I'm not on my

238
00:12:14,040 --> 00:12:16,520
Speaker 2: stimulants because I think there's so many things going on

239
00:12:16,720 --> 00:12:19,920
Speaker 2: and there's so much structure. Yeah, it's an interesting concept

240
00:12:19,920 --> 00:12:22,400
Speaker 2: when we can talk about I guess totally my experience

241
00:12:22,480 --> 00:12:26,079
Speaker 2: is in more depth at some point in the future. Absolutely,

242
00:12:26,160 --> 00:12:29,319
Speaker 2: those mine. What about your experiences? I'm very lucky.

243
00:12:29,400 --> 00:12:32,840
Speaker 4: I don't actually have any not to say that I unicorn.

244
00:12:32,960 --> 00:12:37,160
Speaker 4: I'm like, yeah, like I don't have any medication that

245
00:12:37,200 --> 00:12:39,360
Speaker 4: I take regularly for anything.

246
00:12:39,559 --> 00:12:41,240
Speaker 2: Money win money, win big money.

247
00:12:41,200 --> 00:12:43,240
Speaker 4: When I feel like there was a moment maybe for

248
00:12:43,440 --> 00:12:45,640
Speaker 4: a year or two there where I was like really

249
00:12:45,960 --> 00:12:48,480
Speaker 4: discovering myself and I had some pretty bad social anxiety,

250
00:12:48,520 --> 00:12:49,719
Speaker 4: but I didn't diagnose it.

251
00:12:49,760 --> 00:12:50,720
Speaker 2: I didn't know what it was.

252
00:12:50,760 --> 00:12:53,480
Speaker 4: I didn't know why I felt really introverted and stuff.

253
00:12:53,520 --> 00:12:55,679
Speaker 4: So I spent a lot of money on like New

254
00:12:55,760 --> 00:12:59,680
Speaker 4: Tropics and all the weird like you know, not necessarily weird,

255
00:12:59,679 --> 00:13:01,400
Speaker 4: but just its like, no, it's weird. I was just

256
00:13:01,480 --> 00:13:04,439
Speaker 4: obsessed with, like how do I make my brain feel

257
00:13:04,480 --> 00:13:08,320
Speaker 4: uninhibited again? And so that was probably the most expensive

258
00:13:08,320 --> 00:13:11,160
Speaker 4: thing but as far as this really expensive, I was like, yeah,

259
00:13:11,160 --> 00:13:13,160
Speaker 4: I was gone down the mushroom train as well myself.

260
00:13:13,240 --> 00:13:15,080
Speaker 4: But that's the only thing really I don't I'm very,

261
00:13:15,200 --> 00:13:18,200
Speaker 4: very fortunate to say that I don't have to take

262
00:13:18,400 --> 00:13:22,840
Speaker 4: anything for anything for any reason. And it's very cheap,

263
00:13:23,240 --> 00:13:25,120
Speaker 4: I would think, and we will find out.

264
00:13:25,000 --> 00:13:27,120
Speaker 2: Actually yeah, I mean that's the money when that you're

265
00:13:27,160 --> 00:13:29,800
Speaker 2: not on any medications and don't have any of those

266
00:13:29,840 --> 00:13:32,760
Speaker 2: associated costs. But it's a money loss if you were

267
00:13:32,880 --> 00:13:35,760
Speaker 2: experiencing mental health and you weren't taking the right medications,

268
00:13:35,800 --> 00:13:38,839
Speaker 2: because it ultimately impacts every other aspect of your life, right,

269
00:13:39,240 --> 00:13:43,840
Speaker 2: And I think it's interesting conundrum to be in as well.

270
00:13:43,880 --> 00:13:47,120
Speaker 2: Like even I mean complete tangent again me talking about

271
00:13:47,200 --> 00:13:51,040
Speaker 2: taking a whole heap of supplements. I again so privileged

272
00:13:51,080 --> 00:13:53,760
Speaker 2: to be able to afford these supplements, but like one

273
00:13:53,800 --> 00:13:57,160
Speaker 2: of my bottles that I purchase online. By the way,

274
00:13:57,320 --> 00:14:00,360
Speaker 2: when I'm talking about mushrooms, I feel like I'm crazy, no,

275
00:14:00,520 --> 00:14:02,959
Speaker 2: because it's like something that a lot of people might

276
00:14:03,000 --> 00:14:07,679
Speaker 2: not have heard of. We're not talking medicinal like magic mushrooms.

277
00:14:07,720 --> 00:14:12,280
Speaker 2: We're talking mushrooms that have no no, no, no. We're

278
00:14:12,280 --> 00:14:14,560
Speaker 2: also not talking about cup mushrooms that you buy cut

279
00:14:14,640 --> 00:14:17,480
Speaker 2: or halved at the supermarket. Yeah, anyway, we won't go

280
00:14:17,480 --> 00:14:18,920
Speaker 2: on and on about that. But that's like one hundred

281
00:14:18,960 --> 00:14:21,160
Speaker 2: and ten dollars a bottle for me, and I go

282
00:14:21,240 --> 00:14:24,440
Speaker 2: through a bottle every month, and that's a privilege for

283
00:14:24,480 --> 00:14:26,520
Speaker 2: me to be able to rely on that instead of

284
00:14:26,520 --> 00:14:30,600
Speaker 2: on my stimulants, because that helps me get through. But like,

285
00:14:30,720 --> 00:14:32,200
Speaker 2: I'm also a bit of a health nut, and I

286
00:14:32,240 --> 00:14:33,880
Speaker 2: make sure I have all my amigas, and I make

287
00:14:33,920 --> 00:14:36,560
Speaker 2: sure that I you know, a lot of natural paths

288
00:14:36,600 --> 00:14:38,080
Speaker 2: are going to be. Like you don't need to take

289
00:14:38,120 --> 00:14:40,800
Speaker 2: a multi vitamin, Victoria, But like there are a whole

290
00:14:40,840 --> 00:14:42,680
Speaker 2: heap of things that I do tape that I do

291
00:14:42,720 --> 00:14:47,160
Speaker 2: feel lift brain fog and make money more clear and

292
00:14:47,200 --> 00:14:50,840
Speaker 2: put me in a better mental state. And that costs money. Right, Absolutely,

293
00:14:51,560 --> 00:14:53,360
Speaker 2: we're not talking about that today. What we're talking about

294
00:14:53,440 --> 00:14:56,440
Speaker 2: is the literal medications and the actual healthcare system, not

295
00:14:56,560 --> 00:15:00,480
Speaker 2: Victoria's hippie dippy mushroom vibes. I'm riding that way with babe,

296
00:15:00,600 --> 00:15:03,560
Speaker 2: But I guess that we should really get back on topic.

297
00:15:03,640 --> 00:15:04,920
Speaker 2: That was our experience.

298
00:15:05,120 --> 00:15:08,359
Speaker 4: But what did the Zurich White paper find that Australians

299
00:15:08,360 --> 00:15:11,080
Speaker 4: on the whole experience when it comes to the cost

300
00:15:11,160 --> 00:15:12,320
Speaker 4: of mental health conditions.

301
00:15:12,400 --> 00:15:12,560
Speaker 1: Yes.

302
00:15:12,640 --> 00:15:17,120
Speaker 2: So, the estimated total health system expenditure on mental health

303
00:15:17,480 --> 00:15:21,880
Speaker 2: was twelve point eight billion dollars, comprising of nine hundred

304
00:15:21,880 --> 00:15:25,200
Speaker 2: and seventy four million in health care costs and beck

305
00:15:25,520 --> 00:15:30,160
Speaker 2: eleven point eight billion dollars in productivity loss.

306
00:15:30,600 --> 00:15:30,960
Speaker 4: Wow.

307
00:15:31,080 --> 00:15:34,840
Speaker 2: Wow, isn't that wild? Like to just break that down.

308
00:15:35,040 --> 00:15:38,320
Speaker 2: Obviously that's a lot of billions of dollars, but it

309
00:15:38,440 --> 00:15:43,040
Speaker 2: was nine hundred and seventy four million in health care

310
00:15:43,120 --> 00:15:48,760
Speaker 2: costs and eleven billion in productivity costs Beeck. Ten percent

311
00:15:48,960 --> 00:15:53,040
Speaker 2: was the actual health care cost. Ninety percent is sitting

312
00:15:53,040 --> 00:15:56,400
Speaker 2: in productivity loss when it comes to mental health.

313
00:15:56,600 --> 00:15:58,280
Speaker 4: Oh my gosh, you don't even think about that.

314
00:15:58,520 --> 00:16:00,760
Speaker 2: Isn't that wild? Like I say, bills and I think

315
00:16:00,760 --> 00:16:02,720
Speaker 2: that everybody just kind of like it flies over your

316
00:16:02,720 --> 00:16:04,600
Speaker 2: head and you go, oh, so much money. You're right,

317
00:16:04,680 --> 00:16:07,640
Speaker 2: let's talk about this. But like ninety percent of that cost,

318
00:16:07,760 --> 00:16:10,800
Speaker 2: or around ninety percent of that cost is loss of

319
00:16:10,880 --> 00:16:15,160
Speaker 2: productivity due to mental health. Yeah, what that's wild, isn't

320
00:16:15,200 --> 00:16:18,920
Speaker 2: it wild? Mental health conditions have large economic and social costs.

321
00:16:18,960 --> 00:16:22,200
Speaker 2: We already know that the conditions are often lengthy, leading

322
00:16:22,200 --> 00:16:26,520
Speaker 2: to career disruption, instability, loss of skills, and social isolation,

323
00:16:26,800 --> 00:16:30,400
Speaker 2: which is why economic costs are not limited to lost work,

324
00:16:30,440 --> 00:16:34,960
Speaker 2: but also to long term lost opportunities. Yeah, okay, which

325
00:16:34,960 --> 00:16:36,800
Speaker 2: we need to talk about as well. And I'm just

326
00:16:36,840 --> 00:16:40,160
Speaker 2: so glad that it's being taken into consideration now because

327
00:16:40,400 --> 00:16:42,920
Speaker 2: I think if we had gone back, let's say ten years,

328
00:16:43,280 --> 00:16:46,480
Speaker 2: and we talked about mental health, and someone was trying

329
00:16:46,480 --> 00:16:49,440
Speaker 2: to calculate my cost of mental health, but be like, well,

330
00:16:49,480 --> 00:16:51,560
Speaker 2: how much do you spend on medication each month? Yes,

331
00:16:52,000 --> 00:16:54,920
Speaker 2: how much was your doctor's appointment? Full stop? End of story,

332
00:16:54,960 --> 00:16:57,000
Speaker 2: that's the cost of my mental health. And that's not

333
00:16:57,120 --> 00:17:01,160
Speaker 2: the case. And I feel like I am I feel

334
00:17:01,200 --> 00:17:03,520
Speaker 2: like I've said I'm privileged already this episode, but I

335
00:17:03,560 --> 00:17:08,439
Speaker 2: just I feel so genuinely lucky that the circumstances I

336
00:17:08,520 --> 00:17:13,760
Speaker 2: am in are favorable. Like I don't know how to

337
00:17:14,000 --> 00:17:17,720
Speaker 2: say this without sounding like an absolute whine carpick. My

338
00:17:17,840 --> 00:17:21,200
Speaker 2: career has been successful. I've been so lucky that things

339
00:17:21,240 --> 00:17:23,480
Speaker 2: have lined up for me and that I have worked

340
00:17:23,520 --> 00:17:25,239
Speaker 2: my butt off and done all these other things. But

341
00:17:25,280 --> 00:17:27,280
Speaker 2: there are so many people in this world who have

342
00:17:27,400 --> 00:17:30,879
Speaker 2: worked their absolute butts off and are at a loss

343
00:17:30,920 --> 00:17:34,400
Speaker 2: when it comes to their career or what has happened.

344
00:17:34,520 --> 00:17:36,960
Speaker 2: And I mean, I'm not saying that I have lost

345
00:17:36,960 --> 00:17:38,919
Speaker 2: any of those things. And I think personally, if you

346
00:17:38,960 --> 00:17:40,919
Speaker 2: were to quantify my loss, I actually think that my

347
00:17:40,960 --> 00:17:44,679
Speaker 2: mental health has really played into my success. Like I

348
00:17:44,760 --> 00:17:47,119
Speaker 2: was talking about my ADHD the other day with a

349
00:17:47,160 --> 00:17:49,040
Speaker 2: friend and they're like, oh, how do you really think

350
00:17:49,119 --> 00:17:52,359
Speaker 2: that your ADHD has impacted She's on the money and

351
00:17:52,440 --> 00:17:54,919
Speaker 2: you know Zella and creating Zella money and all that,

352
00:17:54,960 --> 00:17:57,239
Speaker 2: And I just said, I don't think I would have

353
00:17:57,520 --> 00:18:00,760
Speaker 2: She's on the Money and Zella money without my AID. Right,

354
00:18:00,840 --> 00:18:03,800
Speaker 2: they are a product of me being obsessed with something,

355
00:18:03,880 --> 00:18:06,040
Speaker 2: which is one of the things that happens when you

356
00:18:06,080 --> 00:18:10,320
Speaker 2: have ADHD. I get so fixated on one particular topic

357
00:18:10,680 --> 00:18:13,399
Speaker 2: that that's why we've deep dived into it, That's why

358
00:18:13,480 --> 00:18:15,719
Speaker 2: I created it. I don't think I would have been

359
00:18:15,760 --> 00:18:18,160
Speaker 2: able to commit to something like She's on the Money

360
00:18:18,160 --> 00:18:22,280
Speaker 2: without my mental health issues. So I'm very lucky. But

361
00:18:22,320 --> 00:18:25,159
Speaker 2: that's not the reality of everybody else. Because we go

362
00:18:25,280 --> 00:18:28,280
Speaker 2: back to that number of eleven point eight billion dollars

363
00:18:28,320 --> 00:18:31,720
Speaker 2: in loss productivity. So my experience is not the norm. No,

364
00:18:32,119 --> 00:18:35,000
Speaker 2: my experience is so far from the Norman. It's not funny.

365
00:18:35,320 --> 00:18:39,680
Speaker 2: We know. Social costs include increased rates of divorce, domestic violence,

366
00:18:39,720 --> 00:18:44,200
Speaker 2: and substance of use. Treatment costs include most medications under

367
00:18:44,359 --> 00:18:48,920
Speaker 2: heavily government subsidized, with public subsidies available through general practice

368
00:18:48,920 --> 00:18:52,720
Speaker 2: mental health care plans, medical consultation rebates, and the Pharmaceutical

369
00:18:52,760 --> 00:18:55,760
Speaker 2: Benefit Scheme the PBS, which we talked about in our

370
00:18:55,840 --> 00:18:59,720
Speaker 2: last episode. Public hospital admissions are reserved for the most

371
00:19:00,359 --> 00:19:04,359
Speaker 2: mental health conditions and are provided free of charge, and

372
00:19:04,480 --> 00:19:09,480
Speaker 2: then moderate medical health conditions including substance misuser treated largely

373
00:19:09,560 --> 00:19:13,600
Speaker 2: by the private hospital system, and inpatient treatments are often

374
00:19:13,680 --> 00:19:17,440
Speaker 2: lengthy and moderately expensive, with private health providers offering some

375
00:19:17,480 --> 00:19:21,159
Speaker 2: subsidies for inpatient care. But there's always, always, always a

376
00:19:21,200 --> 00:19:23,520
Speaker 2: lot of out of pocket when it comes to treatment

377
00:19:23,600 --> 00:19:27,680
Speaker 2: like that, right, Unfortunately, it's crazy. Is as crazy?

378
00:19:27,720 --> 00:19:30,520
Speaker 4: Do they find any other direct links to physical conditions?

379
00:19:30,600 --> 00:19:34,600
Speaker 2: So apparently many people with back problems, especially chronic back pain,

380
00:19:34,760 --> 00:19:37,639
Speaker 2: have poor mental health and are more likely to report

381
00:19:37,680 --> 00:19:41,040
Speaker 2: conditions like depression, anxiety, and psychological distress. And when it

382
00:19:41,080 --> 00:19:45,399
Speaker 2: comes to getting treatment for other conditions. Adults with depression, anxiety,

383
00:19:45,440 --> 00:19:49,160
Speaker 2: and other mental health conditions are seven times more likely

384
00:19:49,240 --> 00:19:51,919
Speaker 2: to skip health care than people without a mental health condition.

385
00:19:52,080 --> 00:19:53,080
Speaker 2: My gosh, that.

386
00:19:53,240 --> 00:19:58,280
Speaker 4: Oh so frustrating, frustrating, and this conversation in particular really

387
00:19:58,400 --> 00:19:59,920
Speaker 4: just slap me in the face. Because my best friend

388
00:20:00,119 --> 00:20:02,600
Speaker 4: has a chronic back issue and she her mental health

389
00:20:02,640 --> 00:20:05,960
Speaker 4: is so poor and she thinks it's because of other reasons.

390
00:20:06,000 --> 00:20:07,680
Speaker 2: But say, I'm going to send it.

391
00:20:07,880 --> 00:20:09,480
Speaker 4: I'm going to send it this episode and tell her

392
00:20:09,480 --> 00:20:10,320
Speaker 4: to have a good listen.

393
00:20:10,960 --> 00:20:13,320
Speaker 2: Breaks my heart as well, because I think so many

394
00:20:13,440 --> 00:20:16,640
Speaker 2: people think that their mental health is so in their control.

395
00:20:17,520 --> 00:20:21,880
Speaker 2: Like it frustrates me. And I ended a friendship recently,

396
00:20:22,000 --> 00:20:26,760
Speaker 2: actually back and I ended it because this person couldn't

397
00:20:27,640 --> 00:20:31,440
Speaker 2: see my side of the tracks, right, Like we were

398
00:20:31,480 --> 00:20:33,840
Speaker 2: talking about mental there were so many other things, right,

399
00:20:33,920 --> 00:20:36,720
Speaker 2: but just be happy with something, she said, or why

400
00:20:36,720 --> 00:20:39,040
Speaker 2: don't you just focus on doing more pilates or why

401
00:20:39,080 --> 00:20:42,560
Speaker 2: don't you like she just could not conceptualize that the

402
00:20:42,680 --> 00:20:45,399
Speaker 2: issue that I was having, you know, and have had

403
00:20:45,440 --> 00:20:47,840
Speaker 2: for a number of years, Like she just thought it

404
00:20:47,920 --> 00:20:50,280
Speaker 2: was like a choice, like people choose right to be

405
00:20:50,359 --> 00:20:53,680
Speaker 2: unhappy and I think when you have a chronic health condition,

406
00:20:54,080 --> 00:20:56,919
Speaker 2: you assume that your mental health is it's just in

407
00:20:56,960 --> 00:20:59,160
Speaker 2: your control. But once you're able to get back out there,

408
00:20:59,160 --> 00:21:01,960
Speaker 2: you'll be happy again. And it's really not the case.

409
00:21:02,160 --> 00:21:05,520
Speaker 2: Like your mental health is. It can be in your control, right,

410
00:21:05,600 --> 00:21:07,880
Speaker 2: Like I'm taking control of my mental health by going

411
00:21:07,960 --> 00:21:10,840
Speaker 2: and getting mental health care practitioners involved and talking to

412
00:21:10,840 --> 00:21:13,400
Speaker 2: my GP and being on the right medication and doing

413
00:21:13,480 --> 00:21:15,439
Speaker 2: all these things. But it's not just a choice you make.

414
00:21:15,480 --> 00:21:17,000
Speaker 2: You don't get out of bed in the morning, Regin

415
00:21:17,000 --> 00:21:19,200
Speaker 2: know what, I'm just gonna choose to be happy today. Yeah,

416
00:21:19,240 --> 00:21:21,200
Speaker 2: I'm just going to choose to have a good day.

417
00:21:21,320 --> 00:21:23,000
Speaker 4: I feel like I want to have anxiety today.

418
00:21:23,240 --> 00:21:25,119
Speaker 2: Yeah, do you know what, I'm just not gonna have

419
00:21:25,160 --> 00:21:27,760
Speaker 2: anxiety today. I'm just going to go do this thing.

420
00:21:27,880 --> 00:21:30,280
Speaker 2: And Like it's funny because I think when I start

421
00:21:30,320 --> 00:21:32,639
Speaker 2: to share my mental health journey and what that means,

422
00:21:32,680 --> 00:21:35,320
Speaker 2: I think people look at me and go absolutely not, Victoria,

423
00:21:35,400 --> 00:21:38,760
Speaker 2: You're so confident. That doesn't mean it doesn't manifest in

424
00:21:38,840 --> 00:21:40,960
Speaker 2: other areas of my life. Can I get up on

425
00:21:41,080 --> 00:21:44,040
Speaker 2: stage and talk to a room of five thousand people, Absolutely,

426
00:21:44,080 --> 00:21:48,200
Speaker 2: I can easily can. I sometimes not get myself out

427
00:21:48,200 --> 00:21:51,199
Speaker 2: of bed, though, and spend days in my bed not

428
00:21:51,240 --> 00:21:53,280
Speaker 2: being able to get out. I refuse to answer the phone,

429
00:21:53,280 --> 00:21:55,199
Speaker 2: I refuse to check my emails. I refuse to do

430
00:21:55,400 --> 00:21:57,600
Speaker 2: a whole heap of things. I don't even get in

431
00:21:57,680 --> 00:22:01,040
Speaker 2: the shower if I've forgotten a medication. Yeah, absolutely, But

432
00:22:01,080 --> 00:22:03,320
Speaker 2: people don't see that side of things, and I think

433
00:22:03,320 --> 00:22:05,800
Speaker 2: they only see, you know, like, let's go back to

434
00:22:05,840 --> 00:22:08,240
Speaker 2: this social media thing. They only see the social media highlights.

435
00:22:08,240 --> 00:22:11,280
Speaker 2: They only see what you know, I'm putting out on online.

436
00:22:11,320 --> 00:22:13,639
Speaker 2: I'm not going to get my phone and take a

437
00:22:13,680 --> 00:22:15,760
Speaker 2: photo of me in bed after three day, like it's

438
00:22:15,760 --> 00:22:17,320
Speaker 2: just not going to happen, because I'm not in that

439
00:22:17,359 --> 00:22:19,640
Speaker 2: mental space, Like it's just not going to happen. Yeah,

440
00:22:19,640 --> 00:22:22,919
Speaker 2: So I think it's it's wild, especially if you've got

441
00:22:23,000 --> 00:22:25,919
Speaker 2: chronic health condition like your friend. Of course, you're a

442
00:22:25,920 --> 00:22:28,960
Speaker 2: bit down. You're not being supported in the way that

443
00:22:29,000 --> 00:22:31,480
Speaker 2: you need to be mentally supported and stimulated.

444
00:22:32,760 --> 00:22:34,720
Speaker 4: There's another thing that people don't think about when it

445
00:22:34,720 --> 00:22:37,520
Speaker 4: comes to mental health, and that's the kind of depressures

446
00:22:37,520 --> 00:22:41,359
Speaker 4: on cares and caregiving. So we know that informal caregiving

447
00:22:41,400 --> 00:22:44,400
Speaker 4: often falls to family members. But what are the costs

448
00:22:44,400 --> 00:22:45,879
Speaker 4: of families and carers?

449
00:22:46,160 --> 00:22:46,360
Speaker 1: Yeah?

450
00:22:46,440 --> 00:22:49,320
Speaker 2: So, cares for people with mental health conditions spend an

451
00:22:49,359 --> 00:22:54,320
Speaker 2: average of thirty six hours per week providing care. It's

452
00:22:55,080 --> 00:22:57,720
Speaker 2: two hours short my love of a full time job.

453
00:22:57,840 --> 00:22:58,639
Speaker 4: Wow wow wow.

454
00:22:58,840 --> 00:23:03,159
Speaker 2: Twenty four percent receive care as payments, thirty four percent

455
00:23:03,240 --> 00:23:06,320
Speaker 2: don't receive any assistance in their caring role, and thirty

456
00:23:06,320 --> 00:23:09,240
Speaker 2: five percent don't know the services that are available to

457
00:23:09,280 --> 00:23:11,880
Speaker 2: support keres, which is the number that I really want

458
00:23:11,880 --> 00:23:15,159
Speaker 2: to focus on here. So I just they don't know

459
00:23:15,359 --> 00:23:17,840
Speaker 2: what they don't know because we don't talk about it.

460
00:23:17,920 --> 00:23:19,920
Speaker 2: And then if we don't talk about it, you don't

461
00:23:19,920 --> 00:23:23,359
Speaker 2: know what you can access exactly. Have these conversations. And

462
00:23:23,400 --> 00:23:26,240
Speaker 2: the more we normalize this, the more we can advocate

463
00:23:26,280 --> 00:23:29,000
Speaker 2: for others as well. And I think that, you know,

464
00:23:29,200 --> 00:23:32,240
Speaker 2: especially when it comes to mental health, there's such a

465
00:23:32,280 --> 00:23:37,679
Speaker 2: stigma around it still where if somebody is experiencing depression

466
00:23:37,800 --> 00:23:40,560
Speaker 2: and anxiety, they might not want to talk about it,

467
00:23:40,680 --> 00:23:43,840
Speaker 2: and then that might extend to their care. And like

468
00:23:43,880 --> 00:23:46,320
Speaker 2: a care could be your husband, it could be your sibling,

469
00:23:46,400 --> 00:23:48,280
Speaker 2: it could be a parent, it could be literally anybody.

470
00:23:48,320 --> 00:23:50,040
Speaker 2: It could be your housemate that kind of picks up

471
00:23:50,040 --> 00:23:52,120
Speaker 2: the slack when you won't get out of bed, and

472
00:23:52,760 --> 00:23:54,879
Speaker 2: they then don't talk about it because they know that

473
00:23:54,920 --> 00:23:57,480
Speaker 2: you're a bit like closed off and don't really want

474
00:23:57,520 --> 00:23:59,760
Speaker 2: to talk about the issues. And then that extends to

475
00:23:59,800 --> 00:24:01,800
Speaker 2: them not being able to get the support that they need,

476
00:24:01,840 --> 00:24:05,560
Speaker 2: and then maybe they're experiencing their own mental health conditions

477
00:24:05,600 --> 00:24:08,400
Speaker 2: because they feel like they aren't open and honest about

478
00:24:08,400 --> 00:24:10,600
Speaker 2: the realities of their circumstance. So I think it's just

479
00:24:11,080 --> 00:24:12,720
Speaker 2: it goes on and on, and it's a cycle that

480
00:24:12,760 --> 00:24:14,960
Speaker 2: we really need to break, and we really need to

481
00:24:15,000 --> 00:24:18,240
Speaker 2: talk about more honestly and more openly and with a

482
00:24:18,240 --> 00:24:20,800
Speaker 2: lot more kindness than we currently approach to totally.

483
00:24:20,960 --> 00:24:23,320
Speaker 4: Let's end the taboo, but I think this is a

484
00:24:23,320 --> 00:24:25,840
Speaker 4: really heavy topic. Let's go have a little break and

485
00:24:25,920 --> 00:24:31,000
Speaker 4: come back in five point two seconds.

486
00:24:34,000 --> 00:24:35,320
Speaker 2: All right, V we are back.

487
00:24:36,160 --> 00:24:38,040
Speaker 4: How do you feel I feel like that was longer

488
00:24:38,040 --> 00:24:40,000
Speaker 4: than five point two seconds. That was a little bit

489
00:24:40,040 --> 00:24:42,680
Speaker 4: longer than five point I feel like it's five point seven. Yeah, Okay,

490
00:24:42,720 --> 00:24:44,199
Speaker 4: so maybe next time we'll shorten it.

491
00:24:44,440 --> 00:24:46,480
Speaker 2: You know what, I'm going to stay on the counting

492
00:24:46,520 --> 00:24:48,960
Speaker 2: side of the table. You say on the content side

493
00:24:48,960 --> 00:24:51,600
Speaker 2: of the table. I'll do the maths. You're not involved

494
00:24:51,600 --> 00:24:53,960
Speaker 2: in that deal because at this point, I'm not even

495
00:24:53,960 --> 00:24:55,240
Speaker 2: sure if you can tell the time.

496
00:24:55,160 --> 00:24:59,600
Speaker 4: I don't know what time. So so let's have a

497
00:24:59,600 --> 00:25:01,800
Speaker 4: little bit more of a closer look as some of

498
00:25:01,840 --> 00:25:05,800
Speaker 4: the costs and stats and breakdown specific disorders.

499
00:25:06,040 --> 00:25:08,679
Speaker 2: Okay, all right, so let's talk about effective disorders. So

500
00:25:08,760 --> 00:25:13,920
Speaker 2: effective disorders are things like depression, bipolar, and schizophrenia. The

501
00:25:13,960 --> 00:25:18,359
Speaker 2: cost of depression is seventeen one hundred and ninety dollars

502
00:25:18,440 --> 00:25:22,720
Speaker 2: on average per individual. Average number of days off from

503
00:25:22,840 --> 00:25:26,440
Speaker 2: work each year if you have an effective disorder adds

504
00:25:26,520 --> 00:25:30,200
Speaker 2: up to seventy five point four days per year. Back,

505
00:25:31,000 --> 00:25:32,919
Speaker 2: do you know how many sick days most people get

506
00:25:32,960 --> 00:25:36,640
Speaker 2: in their work contracts? Barely anything ten Usually you get

507
00:25:36,680 --> 00:25:40,240
Speaker 2: ten sick days. That is seven times more than the

508
00:25:40,400 --> 00:25:44,480
Speaker 2: average that we are allocated. Fewer than two in five

509
00:25:44,520 --> 00:25:49,000
Speaker 2: people with anxiety and depression seek treatment, and recovery rate

510
00:25:49,080 --> 00:25:52,040
Speaker 2: is actually up to fifty percent in the first six months,

511
00:25:52,760 --> 00:25:56,359
Speaker 2: but the relapse rate is between thirty and fifty percent

512
00:25:56,440 --> 00:25:59,760
Speaker 2: for those who initially recover, which ends up putting a

513
00:25:59,800 --> 00:26:02,160
Speaker 2: lot of people in a cycle of feeling like it's

514
00:26:02,200 --> 00:26:05,320
Speaker 2: never going to get better. And as much as those

515
00:26:05,400 --> 00:26:10,920
Speaker 2: numbers feel low, they're actually, from my perspective, relatively high.

516
00:26:11,000 --> 00:26:15,080
Speaker 2: Indirect spending for effective disorders includes non health services and

517
00:26:15,160 --> 00:26:19,879
Speaker 2: social costs, so family breakdowns, going through a diporse, legal costs,

518
00:26:19,920 --> 00:26:22,919
Speaker 2: stuff like that. If an individual were paying four hundred

519
00:26:22,960 --> 00:26:27,480
Speaker 2: and fifty dollars per session for psychiatric treatment weekly, which

520
00:26:27,520 --> 00:26:30,960
Speaker 2: is a very normal amount of money, unfortunately to be

521
00:26:31,080 --> 00:26:36,160
Speaker 2: spending on seeing a psychiatrist, which my background is in psychology.

522
00:26:36,200 --> 00:26:38,520
Speaker 2: I have two psychology degrees, so I do know what

523
00:26:38,560 --> 00:26:41,360
Speaker 2: I'm talking about. When it comes to this, A psychologist

524
00:26:41,400 --> 00:26:45,679
Speaker 2: is not able to prescribe medication. A psychiatrist is. A

525
00:26:45,720 --> 00:26:49,120
Speaker 2: psychologist can talk you through things and you know, help

526
00:26:49,160 --> 00:26:51,199
Speaker 2: you get through a lot of situations. I see a

527
00:26:51,200 --> 00:26:54,800
Speaker 2: psychologist regularly, but when it comes to managing my ADHD,

528
00:26:54,920 --> 00:26:58,199
Speaker 2: and when it comes to managing my depression, which is

529
00:26:58,240 --> 00:27:00,000
Speaker 2: always going to be with me, I see a side

530
00:27:00,000 --> 00:27:04,320
Speaker 2: psychiatrist because I am on medications that have been prescribed

531
00:27:04,400 --> 00:27:07,399
Speaker 2: by my psychiatrist. So you can't go to a psychologist

532
00:27:07,440 --> 00:27:10,119
Speaker 2: and they go, oh, I'm going to diagnose you with depression.

533
00:27:10,280 --> 00:27:13,440
Speaker 2: Here's medication for that. They don't do that. So if

534
00:27:13,480 --> 00:27:15,919
Speaker 2: you have an effective disorder and you are on a

535
00:27:15,960 --> 00:27:20,040
Speaker 2: medication for that, or you are clinically diagnosed, you actually

536
00:27:20,040 --> 00:27:23,440
Speaker 2: have to see a psychiatrist. So this isn't like a choice, right,

537
00:27:23,720 --> 00:27:26,360
Speaker 2: But it can be about four hundred and fifty dollars

538
00:27:26,440 --> 00:27:29,280
Speaker 2: a session. We're using that number because it seems to

539
00:27:29,320 --> 00:27:32,159
Speaker 2: be an average and it's actually what I pay to

540
00:27:32,200 --> 00:27:36,439
Speaker 2: see my psychiatrist. They would be two hundred and ninety

541
00:27:36,520 --> 00:27:39,880
Speaker 2: six dollars per session out of pocket because you get

542
00:27:39,880 --> 00:27:42,560
Speaker 2: one hundred and fifty four dollars on a Medicare rebate

543
00:27:42,640 --> 00:27:45,480
Speaker 2: for that session. After the seventh week of treatment, the

544
00:27:45,560 --> 00:27:48,400
Speaker 2: individual would have already reached the Medicare safety net threshold,

545
00:27:48,440 --> 00:27:51,639
Speaker 2: which is two thousand and ninety three dollars and thirty

546
00:27:51,760 --> 00:27:58,120
Speaker 2: cents out of pocket in seven weeks. That is so awful.

547
00:27:58,200 --> 00:28:02,640
Speaker 4: The can you imagine, like the costs just add up,

548
00:28:02,800 --> 00:28:03,960
Speaker 4: like how do you survive?

549
00:28:04,119 --> 00:28:05,760
Speaker 2: How do you feed you? How do you afford that?

550
00:28:05,840 --> 00:28:07,959
Speaker 2: How you afford to live? And then but also like

551
00:28:08,119 --> 00:28:09,720
Speaker 2: that's rent money, that's red money.

552
00:28:09,720 --> 00:28:12,040
Speaker 4: But imagine like you had a full time job, so

553
00:28:12,080 --> 00:28:14,960
Speaker 4: you could technically be affording all of these things if.

554
00:28:14,920 --> 00:28:16,880
Speaker 2: You hadn't really want I don't think people like people

555
00:28:16,960 --> 00:28:19,040
Speaker 2: might be paying for it. But there's a difference between

556
00:28:19,080 --> 00:28:20,919
Speaker 2: being able to pay for something and being able to

557
00:28:20,960 --> 00:28:24,000
Speaker 2: afford it. So you're saying you're affording it, you're able

558
00:28:24,040 --> 00:28:26,640
Speaker 2: to service every other goal in your life, and that

559
00:28:26,800 --> 00:28:30,280
Speaker 2: is not impacting those things. No, But from my perspective,

560
00:28:30,320 --> 00:28:32,320
Speaker 2: even if you have an emergency fund and then you

561
00:28:32,400 --> 00:28:34,720
Speaker 2: have to see a psychiatrist on a weekly basis and

562
00:28:34,760 --> 00:28:37,160
Speaker 2: you're spending four hundred and fifty dollars a week, you're

563
00:28:37,200 --> 00:28:39,760
Speaker 2: technically able to pay for it, but you're not able

564
00:28:39,760 --> 00:28:42,440
Speaker 2: to afford it because your bigger goals aren't being met.

565
00:28:42,480 --> 00:28:44,480
Speaker 2: You might not be saving, you might not be investing

566
00:28:44,480 --> 00:28:46,400
Speaker 2: for your future. You might not you know, you might

567
00:28:46,400 --> 00:28:50,240
Speaker 2: be foregoing social activities or other things that are helpful

568
00:28:50,240 --> 00:28:53,120
Speaker 2: for your mental health. And I think we've all been there, right, Like,

569
00:28:53,200 --> 00:28:55,040
Speaker 2: I shouldn't see it this way, but I always see

570
00:28:55,080 --> 00:28:57,680
Speaker 2: it as like a may cost and you shouldn't do

571
00:28:57,760 --> 00:28:59,600
Speaker 2: this right Like I always go, oh, my gosh, well

572
00:28:59,680 --> 00:29:03,600
Speaker 2: I had a psych appointment or psychiatrist appointment this week. No,

573
00:29:03,680 --> 00:29:06,040
Speaker 2: I won't buy a pilates pass this week. I think

574
00:29:06,040 --> 00:29:09,000
Speaker 2: I might wait a bit because that was an expensive

575
00:29:09,040 --> 00:29:12,680
Speaker 2: week when in reality the vallarates pass and me getting

576
00:29:12,720 --> 00:29:16,200
Speaker 2: physical activity is probably equally as important. But I see

577
00:29:16,240 --> 00:29:18,400
Speaker 2: it as a different like, I see it as a choice,

578
00:29:18,440 --> 00:29:20,600
Speaker 2: and it shouldn't be like that was a cost I

579
00:29:20,720 --> 00:29:23,440
Speaker 2: had to incur. So I think it's really interesting and

580
00:29:23,440 --> 00:29:26,280
Speaker 2: that's why often you end up with mixed care so

581
00:29:26,440 --> 00:29:30,200
Speaker 2: often when you have a mental health condition. And I

582
00:29:30,240 --> 00:29:34,360
Speaker 2: mean disclaimer again, this is just anecdotal personal experience. I'm

583
00:29:34,400 --> 00:29:36,520
Speaker 2: not a doctor, and I'm not recommending that this is

584
00:29:36,560 --> 00:29:40,480
Speaker 2: the right mode of care. But my GP knows how

585
00:29:40,520 --> 00:29:43,920
Speaker 2: expensive my psychiatrist is, so he keeps in contact with

586
00:29:43,960 --> 00:29:47,440
Speaker 2: my psychiatrist, and my psychiatrist sees me wow, maybe once

587
00:29:47,480 --> 00:29:50,160
Speaker 2: every six months to approve my medications, and then I

588
00:29:50,240 --> 00:29:53,040
Speaker 2: go every three months to my GP to get prescribed

589
00:29:53,040 --> 00:29:55,440
Speaker 2: to my medications. But then I don't have to go

590
00:29:55,480 --> 00:29:58,760
Speaker 2: to the expensive psychiatrist appointment so often. But then on

591
00:29:58,800 --> 00:30:01,280
Speaker 2: top of that, I have a psycho cologist as well,

592
00:30:01,320 --> 00:30:04,560
Speaker 2: that's in that mix that I guess do the more

593
00:30:04,640 --> 00:30:07,120
Speaker 2: therapy side of things with, like we don't really talk

594
00:30:07,120 --> 00:30:12,200
Speaker 2: about medication, Like my psychiatrist's quite quite transactional. You could say,

595
00:30:12,320 --> 00:30:14,080
Speaker 2: it's kind of like a GP appointment. We do talk

596
00:30:14,080 --> 00:30:16,160
Speaker 2: about my mental health, but I'm not talking about how I'm

597
00:30:16,160 --> 00:30:18,920
Speaker 2: feeling or what I'm doing, because she checks in with

598
00:30:19,040 --> 00:30:21,280
Speaker 2: my psychologist to make sure I'm on track with that.

599
00:30:21,360 --> 00:30:24,800
Speaker 2: So you often end up with not just one psychiatrist appointment.

600
00:30:24,840 --> 00:30:27,480
Speaker 2: You've got GP, you've got psychologists, you've got psychiatrists, and

601
00:30:27,560 --> 00:30:30,000
Speaker 2: they all mix together, and then that becomes even more

602
00:30:30,080 --> 00:30:32,600
Speaker 2: expensive and you cap out your medicare rebate real quick.

603
00:30:32,640 --> 00:30:34,840
Speaker 2: I'm telling you that right now, isn't it wild? That's

604
00:30:34,960 --> 00:30:35,520
Speaker 2: really wild?

605
00:30:35,560 --> 00:30:39,959
Speaker 4: And let's say in a hypothetical world you made trillions

606
00:30:39,960 --> 00:30:42,880
Speaker 4: of dollars per hour and you could afford all of

607
00:30:42,920 --> 00:30:47,640
Speaker 4: those things. But that's only if you get to go

608
00:30:47,680 --> 00:30:49,280
Speaker 4: to work every single day and you don't use up

609
00:30:49,280 --> 00:30:52,520
Speaker 4: you're sickly, you know that, Like when you're hungover or

610
00:30:52,560 --> 00:30:55,240
Speaker 4: just feeling tired and you can't go into work. Imagine

611
00:30:55,360 --> 00:30:58,200
Speaker 4: that time's a trillion, but you have to go to

612
00:30:58,280 --> 00:31:01,400
Speaker 4: work every single day. You have ten days of sick

613
00:31:01,480 --> 00:31:04,840
Speaker 4: leave per year, but you feel like that all the time.

614
00:31:04,920 --> 00:31:07,280
Speaker 4: That's your reality, and you've got to pay for all

615
00:31:07,280 --> 00:31:09,959
Speaker 4: these things. How are you meant to work and just

616
00:31:10,440 --> 00:31:12,840
Speaker 4: survive and go into work every day and like be

617
00:31:12,960 --> 00:31:16,000
Speaker 4: your best self if you're feeling so like you just can't,

618
00:31:16,040 --> 00:31:16,680
Speaker 4: you just can't.

619
00:31:16,920 --> 00:31:20,600
Speaker 2: It's kind of like people who experience chronic pain conditions,

620
00:31:20,760 --> 00:31:23,600
Speaker 2: they just exactly so used to managing it that that

621
00:31:23,640 --> 00:31:26,680
Speaker 2: becomes the new normal and the new expectation. And it's

622
00:31:26,760 --> 00:31:30,960
Speaker 2: not right. It's not right, and when something else goes wrong,

623
00:31:31,400 --> 00:31:34,040
Speaker 2: they compare it and so like, I've got a few

624
00:31:34,040 --> 00:31:37,040
Speaker 2: friends and even family members with chronic health conditions, and

625
00:31:37,080 --> 00:31:40,160
Speaker 2: it's interesting because if something else goes wrong, and I'm

626
00:31:40,200 --> 00:31:42,920
Speaker 2: going to use an example that I'm making up, but

627
00:31:43,080 --> 00:31:46,160
Speaker 2: like chronic health condition, let's call it really really awful

628
00:31:46,200 --> 00:31:49,840
Speaker 2: back pain. It's consistent, it's crippling. But then they break

629
00:31:49,880 --> 00:31:53,160
Speaker 2: their ankle. It's not that bad, but it like literally

630
00:31:53,240 --> 00:31:55,440
Speaker 2: changes the way that they're living their life. But in comparison,

631
00:31:55,440 --> 00:31:57,560
Speaker 2: they're kind of like, oh, it's not that bad in comparison,

632
00:31:57,600 --> 00:31:59,480
Speaker 2: like I got it all, passed it up. She'll be right,

633
00:32:00,240 --> 00:32:03,640
Speaker 2: what anybody else breaking their ankle would be like, this is,

634
00:32:03,680 --> 00:32:05,360
Speaker 2: you know, life ending. I can't believe this. I'm in

635
00:32:05,440 --> 00:32:07,200
Speaker 2: a cast for the next six to eight weeks. Like,

636
00:32:07,320 --> 00:32:08,560
Speaker 2: you know, there's so much I need to do and

637
00:32:08,560 --> 00:32:10,320
Speaker 2: then I need to do rehab. They just don't see

638
00:32:10,320 --> 00:32:12,440
Speaker 2: it as that big of a deal. And that's not okay,

639
00:32:13,080 --> 00:32:15,440
Speaker 2: Like it's not okay to be in that position because

640
00:32:15,480 --> 00:32:18,680
Speaker 2: you should be mentally well and you should be you know,

641
00:32:18,880 --> 00:32:21,040
Speaker 2: able to be fit and healthy and happy in all

642
00:32:21,040 --> 00:32:24,600
Speaker 2: of those things, and are just Yeah, it really frustrates me.

643
00:32:24,680 --> 00:32:26,400
Speaker 2: Like sometimes I want to shake these people and be

644
00:32:26,520 --> 00:32:28,800
Speaker 2: like it's actually okay that that's a bad thing. Like

645
00:32:28,800 --> 00:32:30,640
Speaker 2: we can say it's a bad thing, and like don't

646
00:32:30,680 --> 00:32:33,400
Speaker 2: compare it or compartmentalize it in the way that you

647
00:32:33,440 --> 00:32:37,280
Speaker 2: are totally Moving on to another disorder. Let's talk about

648
00:32:37,280 --> 00:32:41,920
Speaker 2: anxiety disorders, so that's things like panic, angoraphobia, social phobia,

649
00:32:41,960 --> 00:32:46,720
Speaker 2: generalized anxiety, obsessive compulsive disorder, and post traumatic stress disorder.

650
00:32:47,280 --> 00:32:50,600
Speaker 2: Average individual cost is between one hundred and eighty six

651
00:32:50,680 --> 00:32:54,520
Speaker 2: dollars and two hundred and sixty four dollars if combined

652
00:32:54,600 --> 00:32:58,760
Speaker 2: with another disorder. The average number of days off per

653
00:32:58,880 --> 00:33:02,160
Speaker 2: year are fifty three point six days per year, so

654
00:33:02,160 --> 00:33:04,600
Speaker 2: a bit less than depression. But also we need to

655
00:33:04,760 --> 00:33:10,240
Speaker 2: recognize comorbidity exists so often if you have anxiety, the

656
00:33:10,320 --> 00:33:13,960
Speaker 2: likelihood of you having depression is increased. As I mentioned before,

657
00:33:14,080 --> 00:33:17,240
Speaker 2: I have both like poor Ken or lost Doss. There

658
00:33:17,400 --> 00:33:20,800
Speaker 2: is for anxiety disorders a fifty to sixty percent recovery

659
00:33:20,880 --> 00:33:25,400
Speaker 2: rate and a fifty to sixty six percent relapse rate

660
00:33:26,000 --> 00:33:29,680
Speaker 2: of those who initially recover, which again makes you feel

661
00:33:29,720 --> 00:33:32,680
Speaker 2: like you're stuck in a cy call. And that's not

662
00:33:32,800 --> 00:33:36,000
Speaker 2: call at all. No, that would be very, very, very

663
00:33:36,040 --> 00:33:38,880
Speaker 2: tricky to live with. I'm sorry, pee, No, don't be sorry.

664
00:33:39,000 --> 00:33:41,240
Speaker 2: I'm okay. I'm literally okay, And I just see it

665
00:33:41,280 --> 00:33:43,280
Speaker 2: as part of me and I'm okay. We're just talking

666
00:33:43,280 --> 00:33:45,800
Speaker 2: about the costs, and I think that it's really important.

667
00:33:45,880 --> 00:33:47,800
Speaker 2: And I don't want people to listen to this and

668
00:33:47,840 --> 00:33:50,480
Speaker 2: think the Victoria is trying to make this all about her. No,

669
00:33:50,720 --> 00:33:52,680
Speaker 2: I don't think that's the case at all. I just

670
00:33:52,760 --> 00:33:57,520
Speaker 2: believe that the best way of, you know, breaking down

671
00:33:57,600 --> 00:33:59,920
Speaker 2: stigma is actually to open the doors and open the

672
00:34:00,080 --> 00:34:04,800
Speaker 2: conversation up around yourself and as somebody who I'm just

673
00:34:04,800 --> 00:34:06,640
Speaker 2: grateful to be in this position where you do get

674
00:34:06,680 --> 00:34:08,479
Speaker 2: to talk to you guys about these things. I can't

675
00:34:08,480 --> 00:34:10,359
Speaker 2: just stand here and be like, it's important to talk

676
00:34:10,360 --> 00:34:13,400
Speaker 2: about mental health back because you'd be like, cool, Victoria.

677
00:34:13,760 --> 00:34:16,000
Speaker 2: Everybody else is saying that. But if I go, it's

678
00:34:16,040 --> 00:34:19,040
Speaker 2: important to talk about mental health and I actually experience

679
00:34:19,080 --> 00:34:21,360
Speaker 2: these things. Here's my experience. This is what this looks like.

680
00:34:21,400 --> 00:34:25,040
Speaker 2: You go, wow, I didn't realize. You know that not

681
00:34:25,080 --> 00:34:27,840
Speaker 2: only will there be psychiatric cost, but a psychologist and

682
00:34:27,840 --> 00:34:29,960
Speaker 2: your GP involved, and they'd be like this mix in

683
00:34:30,040 --> 00:34:32,440
Speaker 2: this triangle of people that have to talk to one

684
00:34:32,440 --> 00:34:35,920
Speaker 2: another to manage your condition. Like, I just think it's

685
00:34:35,960 --> 00:34:41,000
Speaker 2: so much more practical to have practical and pragmatic conversation

686
00:34:41,040 --> 00:34:43,239
Speaker 2: where it's just like, well, Beck, it is what it is.

687
00:34:43,840 --> 00:34:47,680
Speaker 2: Moving on to substance use disorders. So average individual cost

688
00:34:47,960 --> 00:34:50,880
Speaker 2: is between one hundred and eighty six and two hundred

689
00:34:50,920 --> 00:34:53,960
Speaker 2: and fifty eight dollars per year if combined with another disorder,

690
00:34:54,280 --> 00:34:56,759
Speaker 2: and the average number of days off per week are

691
00:34:56,800 --> 00:35:00,480
Speaker 2: forty point two days per year. Recovery rate is up

692
00:35:00,480 --> 00:35:03,600
Speaker 2: to eighty percent, which is Chef's kiss. Could be higher,

693
00:35:03,719 --> 00:35:05,920
Speaker 2: but that's you know, they're the numbers we want to

694
00:35:05,960 --> 00:35:10,600
Speaker 2: start saying. Unfortunately, relapse rate is between forty and sixty percent,

695
00:35:10,920 --> 00:35:14,720
Speaker 2: and people with substance use disorders are often frequent users.

696
00:35:14,719 --> 00:35:18,960
Speaker 2: Of psychiatric services. Although many services are publicly funded, there

697
00:35:19,000 --> 00:35:21,520
Speaker 2: are still and there may still be payment gaps for

698
00:35:21,600 --> 00:35:25,759
Speaker 2: individuals seeking counseling or medication or rehabilitation centers and self

699
00:35:25,800 --> 00:35:29,680
Speaker 2: help programs or support networks. The other thing I want

700
00:35:29,719 --> 00:35:33,920
Speaker 2: to say about substance use disorders is I guess the

701
00:35:34,040 --> 00:35:38,200
Speaker 2: underlying cost of the substance that you have a dependency on,

702
00:35:38,520 --> 00:35:41,200
Speaker 2: because obviously, when it comes to depression, like I'm not

703
00:35:41,239 --> 00:35:43,560
Speaker 2: going out and getting a substance that is costing me

704
00:35:43,600 --> 00:35:46,719
Speaker 2: a lot of money that results in depression, I am.

705
00:35:46,920 --> 00:35:49,680
Speaker 2: You know, if you have a substance use disorder, it's

706
00:35:49,800 --> 00:35:53,640
Speaker 2: usually really expensive, especially here in Australia, Like it's not

707
00:35:53,760 --> 00:35:58,560
Speaker 2: accessible obviously for good reasons because usually they're illegal. But

708
00:35:58,719 --> 00:36:02,240
Speaker 2: it's one of those things where that average individual cost

709
00:36:02,400 --> 00:36:05,720
Speaker 2: is not including how much you're spending on those substances,

710
00:36:05,760 --> 00:36:10,040
Speaker 2: and that can be financially crippling for many, many people.

711
00:36:10,120 --> 00:36:13,680
Speaker 2: And obviously there's a lot of conversation around that, because

712
00:36:14,120 --> 00:36:18,279
Speaker 2: substance use disorders are the disorder that leads to the

713
00:36:18,360 --> 00:36:22,120
Speaker 2: highest levels of homelessness in Australia, and obviously there's a

714
00:36:22,160 --> 00:36:24,880
Speaker 2: lot of comorbidity there as well. When it comes to

715
00:36:25,120 --> 00:36:29,840
Speaker 2: having another disorder. Moving on to the topic and the

716
00:36:30,000 --> 00:36:33,360
Speaker 2: I guess subheading of suicide beck Suicide is the leading

717
00:36:33,480 --> 00:36:37,120
Speaker 2: cause of death for Australians between the ages of fifteen

718
00:36:37,320 --> 00:36:41,440
Speaker 2: and forty four, and is the second leading cause of

719
00:36:41,480 --> 00:36:45,000
Speaker 2: death for Australians aged forty five to fifty four years old.

720
00:36:45,440 --> 00:36:47,160
Speaker 2: That is pretty opening.

721
00:36:47,280 --> 00:36:47,719
Speaker 4: I had.

722
00:36:47,719 --> 00:36:51,640
Speaker 2: It is no idea that it was so high. It's

723
00:36:51,640 --> 00:36:56,600
Speaker 2: insane because suicide, I think doesn't get the conversation happening

724
00:36:56,600 --> 00:36:58,319
Speaker 2: around it that it deserves. And I mean, there are

725
00:36:58,360 --> 00:37:03,680
Speaker 2: so many beautiful charities and forums that discuss this, but

726
00:37:03,719 --> 00:37:07,120
Speaker 2: we just don't discuss it as a community as a whole.

727
00:37:07,200 --> 00:37:09,720
Speaker 2: It's kind of like, oh, yeap, let's talk about Beyond

728
00:37:09,760 --> 00:37:11,919
Speaker 2: Blue and the work that they're doing. But I feel

729
00:37:11,920 --> 00:37:15,279
Speaker 2: like it's always really niched down to a particular campaign.

730
00:37:15,320 --> 00:37:20,400
Speaker 2: It's not an ongoing conversation, and suicide is an outcome

731
00:37:20,800 --> 00:37:24,720
Speaker 2: of mental health conditions and all the conversations that we've

732
00:37:24,800 --> 00:37:27,600
Speaker 2: just had and all of the disorders that we've been

733
00:37:27,640 --> 00:37:31,359
Speaker 2: talking about today, they lead to or can lead to

734
00:37:32,080 --> 00:37:35,440
Speaker 2: suicide and somebody going through that process. And I just

735
00:37:35,520 --> 00:37:38,360
Speaker 2: think that we need to care about these things. More

736
00:37:38,520 --> 00:37:42,279
Speaker 2: because people just deserve more from our community. We we

737
00:37:42,480 --> 00:37:43,279
Speaker 2: really really do.

738
00:37:43,360 --> 00:37:48,040
Speaker 4: I completely agree with that. Now, just moving on slightly,

739
00:37:48,600 --> 00:37:51,200
Speaker 4: Can we now talk about mental health care plans?

740
00:37:51,280 --> 00:37:54,520
Speaker 2: How the hell do they work? Absolutely? We can, and

741
00:37:54,600 --> 00:37:57,359
Speaker 2: I am the biggest advocate of a mental health care plan.

742
00:37:57,760 --> 00:38:00,600
Speaker 2: We talked when Rhann and Tracy was on on our

743
00:38:00,640 --> 00:38:04,280
Speaker 2: episode a lot about insurance and the importance of insurance.

744
00:38:04,520 --> 00:38:06,400
Speaker 2: And I think that the first thing I want you

745
00:38:06,440 --> 00:38:09,600
Speaker 2: to do as a human being. I'm not saying before

746
00:38:09,640 --> 00:38:12,360
Speaker 2: a mental health care plan, but I am saying you

747
00:38:12,480 --> 00:38:16,040
Speaker 2: need to consider your personal insurance needs sooner rather than later.

748
00:38:16,560 --> 00:38:19,680
Speaker 2: And the reason I say that is because insurers in

749
00:38:19,719 --> 00:38:23,840
Speaker 2: Australia take into consideration exclusions, right. So an exclusion is

750
00:38:23,880 --> 00:38:27,839
Speaker 2: where they don't include something in your insurance cover. So, Beck,

751
00:38:27,920 --> 00:38:30,400
Speaker 2: you might have broken your ankle a couple of times

752
00:38:30,440 --> 00:38:33,320
Speaker 2: playing netball, and then you go and do your survey

753
00:38:33,440 --> 00:38:35,840
Speaker 2: to get new insurance and they go, Beck, if you

754
00:38:35,880 --> 00:38:38,360
Speaker 2: got any health conditions and you say, nah, got nothing.

755
00:38:38,520 --> 00:38:40,920
Speaker 2: If you had anything happen to you historically, and you go, yep,

756
00:38:40,960 --> 00:38:43,399
Speaker 2: broke my ankle playing netball. And then they come back

757
00:38:43,440 --> 00:38:47,200
Speaker 2: and say, no worries, Beck, We would love to ensure you,

758
00:38:47,520 --> 00:38:50,160
Speaker 2: but here are our conditions. What we're going to do.

759
00:38:50,320 --> 00:38:52,760
Speaker 2: We're going to insure your whole body and your whole mind,

760
00:38:52,840 --> 00:38:55,840
Speaker 2: but we're not going to ensure that one ankle, and

761
00:38:55,880 --> 00:38:57,080
Speaker 2: we're not going to want to do to do with

762
00:38:57,120 --> 00:38:58,880
Speaker 2: the air. Don't want anything to do with the ankle

763
00:38:59,040 --> 00:39:02,200
Speaker 2: because you've already broken once. So because it's already been

764
00:39:02,239 --> 00:39:05,000
Speaker 2: broken once, it's a bit compromised. It means that you're

765
00:39:05,000 --> 00:39:07,279
Speaker 2: more likely to break it again. So we just don't

766
00:39:07,280 --> 00:39:08,680
Speaker 2: want that. And you go, all right, Well, when it

767
00:39:08,680 --> 00:39:11,279
Speaker 2: comes to insurance, that makes sense, right, Like it's kind

768
00:39:11,280 --> 00:39:13,480
Speaker 2: of like car insurance. If you're a bad driver and

769
00:39:13,520 --> 00:39:17,200
Speaker 2: you keep crashing, they're gonna say, probably going to charge

770
00:39:17,200 --> 00:39:19,640
Speaker 2: you a little bit more. Beck, your premiums are going

771
00:39:19,719 --> 00:39:22,480
Speaker 2: to go up because you keep crashing. Yeah, you're a

772
00:39:22,520 --> 00:39:24,439
Speaker 2: bit of a Risk's a bit of a risk, right,

773
00:39:24,480 --> 00:39:27,560
Speaker 2: And that's exactly how personal insurances work. And there are

774
00:39:27,600 --> 00:39:30,759
Speaker 2: lots of different risks involved in personal insurance. But the

775
00:39:30,920 --> 00:39:34,279
Speaker 2: younger you are when you apply for personal insurance, the

776
00:39:34,360 --> 00:39:38,600
Speaker 2: less likely you have experienced a significant life and health event,

777
00:39:38,920 --> 00:39:42,480
Speaker 2: which means the less likely you are to have exclusions

778
00:39:42,520 --> 00:39:46,239
Speaker 2: in your cover, so hypothetically, in the future, you can

779
00:39:46,280 --> 00:39:49,560
Speaker 2: claim on more stuff. I want insurance to be the

780
00:39:49,560 --> 00:39:51,920
Speaker 2: biggest waste of money you've ever spent money on, beck, Like,

781
00:39:52,000 --> 00:39:54,200
Speaker 2: I want you to be paying for insurance every single month,

782
00:39:54,239 --> 00:39:55,520
Speaker 2: and I want you to look at that cost and

783
00:39:55,560 --> 00:39:58,520
Speaker 2: be like, didn't claim on that. That's not great? Like,

784
00:39:58,560 --> 00:40:00,440
Speaker 2: I want it to be a waste of money. I

785
00:40:00,520 --> 00:40:02,600
Speaker 2: see what you mean. I want you to be wasting

786
00:40:02,600 --> 00:40:06,399
Speaker 2: your money on insurance. Wow. But hypothetically, if something did

787
00:40:06,440 --> 00:40:09,200
Speaker 2: happen to you yesterday and you needed to I want

788
00:40:09,200 --> 00:40:10,239
Speaker 2: that cover to be there.

789
00:40:10,400 --> 00:40:10,560
Speaker 1: Yea.

790
00:40:10,760 --> 00:40:14,040
Speaker 2: And I think that framing it that way, people go, oh, okay,

791
00:40:14,320 --> 00:40:16,320
Speaker 2: because how many times have you looked at your insurance

792
00:40:16,360 --> 00:40:17,960
Speaker 2: You go, that's a lot of money. But also, I'm

793
00:40:17,960 --> 00:40:20,960
Speaker 2: getting nothing out of this good Yes, true.

794
00:40:21,120 --> 00:40:23,319
Speaker 5: I don't want you to get anything out of your

795
00:40:23,320 --> 00:40:26,680
Speaker 5: insurance because if you're not claiming on your personal insurances,

796
00:40:26,719 --> 00:40:30,360
Speaker 5: you know what that means. You're probably happy and healthy

797
00:40:30,600 --> 00:40:33,400
Speaker 5: and haven't broken anything and haven't been hit by a bus,

798
00:40:33,440 --> 00:40:36,200
Speaker 5: and haven't had these awful things happen to you.

799
00:40:36,360 --> 00:40:39,319
Speaker 2: Yeah, that's a life win. True. Stop seeing it as

800
00:40:39,320 --> 00:40:43,880
Speaker 2: a money loss. That is so true. The segue to

801
00:40:44,040 --> 00:40:47,040
Speaker 2: this is I really want you to think about insurance

802
00:40:47,080 --> 00:40:49,680
Speaker 2: now and today and care about it, because the sooner

803
00:40:49,719 --> 00:40:53,000
Speaker 2: you get it implemented, the less likely you are to

804
00:40:53,239 --> 00:40:57,239
Speaker 2: have a pre existing health condition taken into consideration. And

805
00:40:57,280 --> 00:41:00,520
Speaker 2: I say this before a mental health care plan because

806
00:41:01,040 --> 00:41:04,480
Speaker 2: over the last I would say seven years since the

807
00:41:05,000 --> 00:41:08,800
Speaker 2: Royal Commission, and everything about financial advice and insurances, really

808
00:41:08,880 --> 00:41:12,480
Speaker 2: I guess got shook up. You could say, mental health

809
00:41:12,520 --> 00:41:16,480
Speaker 2: care plans are seen by insurers and they do take

810
00:41:16,480 --> 00:41:19,920
Speaker 2: them into consideration. We're offering you cover and it's a

811
00:41:19,960 --> 00:41:22,400
Speaker 2: really shitty thing that I have to say that I

812
00:41:22,480 --> 00:41:24,680
Speaker 2: really want you to be insured before you go down

813
00:41:24,680 --> 00:41:27,439
Speaker 2: this pathway because it breaks my heart, or it used

814
00:41:27,480 --> 00:41:29,560
Speaker 2: to break my heart every single time I had to

815
00:41:29,600 --> 00:41:33,440
Speaker 2: sit down with a client and say, I know that

816
00:41:33,520 --> 00:41:35,520
Speaker 2: you did the right thing for you, and you went

817
00:41:35,600 --> 00:41:37,880
Speaker 2: and got a mental health care plan, and now you

818
00:41:38,040 --> 00:41:40,800
Speaker 2: are healthy and you are happy, and you're not even

819
00:41:40,880 --> 00:41:44,360
Speaker 2: seeing anyone and you're not even on any medications. But

820
00:41:45,400 --> 00:41:48,479
Speaker 2: when we did your medical history, the insurer came back

821
00:41:48,520 --> 00:41:50,439
Speaker 2: and said that you were on a mental health care plan,

822
00:41:50,560 --> 00:41:52,719
Speaker 2: so we're young covering you for mental health in your

823
00:41:52,760 --> 00:41:56,440
Speaker 2: insurance Oh my, isn't that good? Isn't that just like

824
00:41:56,480 --> 00:41:59,680
Speaker 2: the most messed up thing ever? And it pisces me off,

825
00:41:59,760 --> 00:42:02,919
Speaker 2: and I understand the risk behind it. I can see

826
00:42:02,960 --> 00:42:06,040
Speaker 2: it from both sides. I can understand that as an insurer,

827
00:42:06,520 --> 00:42:09,520
Speaker 2: mental health is becoming and I won't say mental health

828
00:42:09,560 --> 00:42:12,640
Speaker 2: issues are becoming more prevalent, because I think that they've

829
00:42:12,680 --> 00:42:15,360
Speaker 2: been there all the time, but we are now getting

830
00:42:15,560 --> 00:42:18,400
Speaker 2: the help that we deserve for them. And that is

831
00:42:18,480 --> 00:42:21,680
Speaker 2: costing insurer's money because you're claiming on your income protection

832
00:42:21,800 --> 00:42:24,040
Speaker 2: to take time off work to put you first, and

833
00:42:24,080 --> 00:42:26,319
Speaker 2: you should be able to do that. But when it

834
00:42:26,360 --> 00:42:29,200
Speaker 2: comes to an insurer, their job is to kind of

835
00:42:29,200 --> 00:42:32,200
Speaker 2: manage risk. And there's people called underwriters and their job

836
00:42:32,320 --> 00:42:33,840
Speaker 2: is to have a look at the risk. And now,

837
00:42:33,840 --> 00:42:36,040
Speaker 2: I guess weigh up the pros and cons of offering

838
00:42:36,080 --> 00:42:40,279
Speaker 2: Beck cover and if you have had mental health conditions

839
00:42:40,400 --> 00:42:42,680
Speaker 2: historically and seen a GP and then maybe seen a

840
00:42:42,680 --> 00:42:46,200
Speaker 2: psychiatrist for it, they're going to look at that and go, Okay, cool,

841
00:42:46,400 --> 00:42:48,239
Speaker 2: you know what, Beck, We're not going to offer it

842
00:42:48,280 --> 00:42:50,640
Speaker 2: to you. Maybe we can reconsider this in two years.

843
00:42:51,000 --> 00:42:53,680
Speaker 2: But if it's something like I have sat down with

844
00:42:53,760 --> 00:42:59,759
Speaker 2: clients who have attempted suicide, and then because they've attempted suicide,

845
00:42:59,800 --> 00:43:03,239
Speaker 2: it's just an instant decline on mental health cover. Do

846
00:43:03,280 --> 00:43:05,200
Speaker 2: you know what. There's nothing else to say about it

847
00:43:05,200 --> 00:43:07,480
Speaker 2: except it's really shitty. And I hate the fact that,

848
00:43:07,880 --> 00:43:10,879
Speaker 2: as an ex financial advisor, when you ask me about

849
00:43:10,920 --> 00:43:13,080
Speaker 2: a mental health care plan, and I promise I'm about

850
00:43:13,120 --> 00:43:15,719
Speaker 2: to explain exactly how they work. But I hate that

851
00:43:15,800 --> 00:43:18,080
Speaker 2: I have to go on a tangent because I feel

852
00:43:18,080 --> 00:43:20,600
Speaker 2: like it's the most responsible thing for me to do

853
00:43:20,960 --> 00:43:23,879
Speaker 2: to say mental health care plans are really important. Please

854
00:43:23,880 --> 00:43:26,319
Speaker 2: talk to your GP. Please get the health care that

855
00:43:26,400 --> 00:43:29,400
Speaker 2: you absolutely deserve and need, but please make sure that

856
00:43:29,440 --> 00:43:31,440
Speaker 2: you have the insurances you need first, because if you

857
00:43:31,480 --> 00:43:33,920
Speaker 2: go down that route, there is a very big probability

858
00:43:34,320 --> 00:43:36,440
Speaker 2: that by disclosing that you have had a mental health

859
00:43:36,440 --> 00:43:38,759
Speaker 2: care plan, you might get an exclusion. That is very

860
00:43:38,800 --> 00:43:42,680
Speaker 2: solid advice. It's fortunately awful. It's unfortunate because you shouldn't

861
00:43:42,719 --> 00:43:45,319
Speaker 2: be thinking about your mental health right now and going, oh, well,

862
00:43:45,360 --> 00:43:47,640
Speaker 2: I'm feeling pretty terrible. I should go to the doctor.

863
00:43:47,880 --> 00:43:50,960
Speaker 2: But Victoria said, let's get our insurances sorted. Let's not

864
00:43:51,040 --> 00:43:53,799
Speaker 2: do that. Let's be mentally healthy today and go and

865
00:43:53,840 --> 00:43:56,640
Speaker 2: get our insurances sorted so if we experience anything in

866
00:43:56,680 --> 00:43:59,239
Speaker 2: the future, we don't have pre existing conditions on our

867
00:43:59,280 --> 00:44:00,000
Speaker 2: insurance application.

868
00:44:00,200 --> 00:44:00,480
Speaker 4: Sure.

869
00:44:01,320 --> 00:44:03,440
Speaker 2: Back to your question, though, Beck, you asked a very

870
00:44:03,480 --> 00:44:06,920
Speaker 2: good question. Actually not back to that. You guys are

871
00:44:06,920 --> 00:44:09,280
Speaker 2: going to slide into my DMS and say I need insurance,

872
00:44:09,800 --> 00:44:11,920
Speaker 2: and I'm going to reply, Please go talk to my

873
00:44:11,960 --> 00:44:14,640
Speaker 2: friend Phil at Sky Wealth. He's not paying me to

874
00:44:14,680 --> 00:44:16,879
Speaker 2: say this. I just don't want to reply to six

875
00:44:17,000 --> 00:44:20,399
Speaker 2: hundred different dms of people going Victoria. You talked about

876
00:44:20,400 --> 00:44:24,520
Speaker 2: the importance of getting insurance sorted. Phil is a financial

877
00:44:24,520 --> 00:44:27,400
Speaker 2: advice friend that I have had for many, many years now.

878
00:44:27,719 --> 00:44:31,600
Speaker 2: He used to run a full service financial advice business

879
00:44:31,760 --> 00:44:35,000
Speaker 2: and decided that he was really passionate about insurance and

880
00:44:35,040 --> 00:44:38,279
Speaker 2: now does insurance only advice. And for I think it's

881
00:44:38,280 --> 00:44:40,920
Speaker 2: between three and four hundred dollars are his fees. So

882
00:44:40,960 --> 00:44:44,400
Speaker 2: he's not going to charge you what a holistic financial

883
00:44:44,400 --> 00:44:46,960
Speaker 2: advisor would charge to implement your insurances, which would be

884
00:44:46,960 --> 00:44:49,400
Speaker 2: around three and a half to five thousand dollars. Wow,

885
00:44:49,520 --> 00:44:52,120
Speaker 2: he is a lot cheaper because all he does is insurance.

886
00:44:52,360 --> 00:44:53,920
Speaker 2: So if you want to go to him and start investing.

887
00:44:53,960 --> 00:44:55,719
Speaker 2: He's not going to do that. He's just going to say, cool,

888
00:44:55,760 --> 00:44:58,640
Speaker 2: don't do that. All he does is insurance, and his

889
00:44:58,760 --> 00:45:02,320
Speaker 2: team are structured and make that as accessible as possible.

890
00:45:02,719 --> 00:45:05,640
Speaker 2: And if you know somebody else that runs a business

891
00:45:05,719 --> 00:45:10,759
Speaker 2: like Phil's where his financial advice is actually relatively accessible

892
00:45:10,800 --> 00:45:12,960
Speaker 2: in terms of cost, please let me know, because I

893
00:45:13,000 --> 00:45:16,400
Speaker 2: do not know anybody else running a business as accessible

894
00:45:16,480 --> 00:45:19,360
Speaker 2: as Phil at this point with the quality of advice

895
00:45:19,440 --> 00:45:22,960
Speaker 2: associated with it. So that's yeah, that's my plug. I

896
00:45:23,000 --> 00:45:25,640
Speaker 2: know that that sounds really salesy, and it kind of was. No,

897
00:45:26,080 --> 00:45:28,040
Speaker 2: it was meant to because I want you to get insurance.

898
00:45:28,040 --> 00:45:30,520
Speaker 2: Oh okay, like it was. It was meant to because

899
00:45:30,520 --> 00:45:32,480
Speaker 2: I wanted you to get insurance. But also I just

900
00:45:32,800 --> 00:45:35,080
Speaker 2: wanted to be really transparent about who feels he's like,

901
00:45:35,080 --> 00:45:38,320
Speaker 2: he's a nice guy. That's fair. Anyway, you asked a question,

902
00:45:38,400 --> 00:45:41,080
Speaker 2: and the question was Victoria, can we now talk about

903
00:45:41,080 --> 00:45:42,480
Speaker 2: mental health care plan? Please?

904
00:45:42,880 --> 00:45:42,960
Speaker 1: Like?

905
00:45:43,080 --> 00:45:46,360
Speaker 2: Yeah, no worries. So if you would like a mental

906
00:45:46,400 --> 00:45:49,399
Speaker 2: health care plan, your GP can write you want. It's

907
00:45:49,520 --> 00:45:52,160
Speaker 2: very simple. You don't even need to I think you

908
00:45:52,200 --> 00:45:55,320
Speaker 2: do actually need to went booking. Let your like GP

909
00:45:55,440 --> 00:45:56,520
Speaker 2: know that it's going to be a bit of a

910
00:45:56,520 --> 00:45:58,839
Speaker 2: longer appointment. You can't just book the fifteen minute one

911
00:45:58,840 --> 00:46:00,360
Speaker 2: because you do actually need to do a bit of

912
00:46:00,360 --> 00:46:03,120
Speaker 2: a survey, so just heads up on that. From the

913
00:46:03,160 --> 00:46:05,919
Speaker 2: first of January twenty twenty three, with a mental health

914
00:46:05,920 --> 00:46:08,640
Speaker 2: care plan, you're able to access a total of ten

915
00:46:09,360 --> 00:46:14,000
Speaker 2: Medicare rebates for your appointments with your clinician in this

916
00:46:14,320 --> 00:46:20,279
Speaker 2: calendar year. So calendar not financial sets in December yep.

917
00:46:20,719 --> 00:46:23,640
Speaker 2: At the end of December. If you have sessions remaining

918
00:46:23,719 --> 00:46:27,439
Speaker 2: on an existing mental health care plan and current referrals

919
00:46:27,719 --> 00:46:31,799
Speaker 2: for your sessions from twenty twenty two, whether for the

920
00:46:31,880 --> 00:46:35,560
Speaker 2: initial ten or an additional ten, you'll be able to

921
00:46:35,680 --> 00:46:38,960
Speaker 2: use the referral to access up to ten sessions in

922
00:46:39,040 --> 00:46:41,479
Speaker 2: twenty twenty three without having to go back to your GP,

923
00:46:41,960 --> 00:46:45,120
Speaker 2: which is good. That is very good. Typically, following six

924
00:46:45,200 --> 00:46:48,000
Speaker 2: Medicare rebated appointments, your clinician is going to write a

925
00:46:48,080 --> 00:46:52,000
Speaker 2: progress report relating to your treatment goals and you're going

926
00:46:52,040 --> 00:46:54,640
Speaker 2: to or you will be eligible to get a re

927
00:46:54,640 --> 00:46:59,280
Speaker 2: referral from your doctor for an extra for Medicare rebated appointments,

928
00:46:59,320 --> 00:47:02,759
Speaker 2: which does of another trip to the GP. Following the

929
00:47:02,800 --> 00:47:06,279
Speaker 2: four extra Medicare rebated sessions, your clinician will write a

930
00:47:06,320 --> 00:47:09,080
Speaker 2: further treatment update to your doctor and it will go

931
00:47:09,239 --> 00:47:12,839
Speaker 2: from there. So, how much does this cost this she's

932
00:47:12,920 --> 00:47:15,480
Speaker 2: on the money back, I'm dying to know. If you

933
00:47:15,600 --> 00:47:18,400
Speaker 2: qualify for the Mental Health Care Plan, you'll be eligible

934
00:47:18,440 --> 00:47:20,960
Speaker 2: to receive a Medicare rebate of one hundred and thirty

935
00:47:21,000 --> 00:47:23,759
Speaker 2: one dollars and sixty five cents for an appointment with

936
00:47:23,840 --> 00:47:28,600
Speaker 2: a clinical psychologist or eighty nine dollars and sixty five

937
00:47:28,800 --> 00:47:33,480
Speaker 2: cent Medicare rebate for an appointment with a psychologist. Note

938
00:47:33,520 --> 00:47:38,719
Speaker 2: the difference between clinical psychologist and psychologist there. Oh yeah,

939
00:47:38,840 --> 00:47:43,520
Speaker 2: you're psychiatrist. Yeah, it's important that there's a differentiation there.

940
00:47:43,600 --> 00:47:45,720
Speaker 2: If you are booking an appointment and you just google

941
00:47:46,000 --> 00:47:48,560
Speaker 2: Medicare rebate with psychologist and it comes up as one

942
00:47:48,640 --> 00:47:50,640
Speaker 2: hundred and thirty one and then, yeah, you just don't

943
00:47:50,640 --> 00:47:53,560
Speaker 2: want to get those two mixed up in case you're

944
00:47:53,600 --> 00:47:57,520
Speaker 2: not getting the rebate that you're expecting. If you're like budgeting, okay,

945
00:47:57,920 --> 00:48:00,879
Speaker 2: this Medicare rebate amount will increase once you reach your

946
00:48:00,880 --> 00:48:05,200
Speaker 2: individual slash Family Extended Medicare Safety Net threshold of two thousand,

947
00:48:05,360 --> 00:48:08,520
Speaker 2: two hundred and forty nine dollars eighty, which is the

948
00:48:08,640 --> 00:48:12,200
Speaker 2: general threshold where you will then receive back eighty percent

949
00:48:12,239 --> 00:48:14,840
Speaker 2: of the out of pocket expenses for your ongoing sessions

950
00:48:14,840 --> 00:48:15,680
Speaker 2: with a psychologist.

951
00:48:16,000 --> 00:48:18,359
Speaker 4: Okay, on paper, I think that's good.

952
00:48:18,520 --> 00:48:21,000
Speaker 2: On paper, it is good. I mean, still an expense.

953
00:48:21,239 --> 00:48:24,960
Speaker 2: It's still an expense. I've said this before on the podcast.

954
00:48:25,000 --> 00:48:28,720
Speaker 2: I'm very grateful to live in Australia with the healthcare

955
00:48:28,760 --> 00:48:32,520
Speaker 2: system that we have because we are so incredibly supported.

956
00:48:32,640 --> 00:48:35,239
Speaker 2: Is it the best healthcare system in the entire world? No,

957
00:48:35,800 --> 00:48:39,640
Speaker 2: there's better out there, Like, yeah, feelin's amazing. I may

958
00:48:40,400 --> 00:48:44,200
Speaker 2: no way Norway. Oh, so the government pays for us.

959
00:48:44,200 --> 00:48:46,440
Speaker 2: So it's not it's not as though, you know, their

960
00:48:46,480 --> 00:48:50,280
Speaker 2: psychologists are cheaper or anything like that. It's just their

961
00:48:50,400 --> 00:48:53,239
Speaker 2: governments have put more of a priority on having no

962
00:48:53,320 --> 00:48:56,879
Speaker 2: gap healthcare and so they cover that it would be

963
00:48:56,920 --> 00:48:59,320
Speaker 2: included in their taxes. I see, at the end of

964
00:48:59,360 --> 00:49:01,239
Speaker 2: the day, they are paying taxes, and that's what their

965
00:49:01,280 --> 00:49:03,520
Speaker 2: taxes are going towards. And I mean when it comes

966
00:49:03,560 --> 00:49:05,600
Speaker 2: to like our Medicare rebates and stuff, that's what our

967
00:49:05,640 --> 00:49:08,600
Speaker 2: taxes go towards. Yeah. So the money has to come

968
00:49:08,600 --> 00:49:11,760
Speaker 2: from somewhere. Yeah, So I guess talking about this stuff

969
00:49:11,840 --> 00:49:14,399
Speaker 2: is really important to me because I care a lot

970
00:49:14,480 --> 00:49:16,960
Speaker 2: about our community, I care a lot about mental health,

971
00:49:17,040 --> 00:49:19,239
Speaker 2: and I care a lot about making sure that you

972
00:49:19,280 --> 00:49:21,680
Speaker 2: are well protected. And that's why I went on that

973
00:49:21,760 --> 00:49:24,799
Speaker 2: insurance rant. I'll pop a whole heap of details in

974
00:49:24,840 --> 00:49:26,719
Speaker 2: the show notes. If that's something that you're like, oh, Vian,

975
00:49:26,760 --> 00:49:30,040
Speaker 2: I hadn't really considered it. I really think it's important,

976
00:49:30,200 --> 00:49:34,000
Speaker 2: But I also think it's important to continue this conversation

977
00:49:34,160 --> 00:49:37,040
Speaker 2: beyond just us doing an episode on a zeric white paper,

978
00:49:37,400 --> 00:49:40,319
Speaker 2: like I think the white paper they're so sexy, like

979
00:49:40,600 --> 00:49:42,880
Speaker 2: so sexy. I've read it so many times. I can't

980
00:49:42,880 --> 00:49:45,040
Speaker 2: tell you how many times I've forwarded it because it's

981
00:49:45,040 --> 00:49:48,120
Speaker 2: in a PDF. I've shared it with heaps of my friends.

982
00:49:48,480 --> 00:49:50,759
Speaker 2: I've sent it to advisors who are like, Victoria, I've

983
00:49:50,800 --> 00:49:52,759
Speaker 2: redaceen this and I'm like, yeah, but read it again.

984
00:49:54,160 --> 00:49:57,440
Speaker 2: It's really really helpful. But I think that from this

985
00:49:57,480 --> 00:49:59,600
Speaker 2: what we should be doing is really opening the conversation

986
00:49:59,719 --> 00:50:02,919
Speaker 2: up about the cost of mental health. And we don't

987
00:50:02,960 --> 00:50:05,440
Speaker 2: have time today, but we will continue this conversation in

988
00:50:05,480 --> 00:50:09,240
Speaker 2: our Facebook group. And we have honest, non judgmental conversations

989
00:50:09,320 --> 00:50:12,920
Speaker 2: about what is costing you and what is costing our community.

990
00:50:13,120 --> 00:50:15,440
Speaker 2: And you know, what are your hacks and tips and

991
00:50:15,480 --> 00:50:18,080
Speaker 2: tricks and all of that. I want to know absolutely.

992
00:50:18,160 --> 00:50:22,600
Speaker 4: And also if this conversation has negatively impacted you, please

993
00:50:22,800 --> 00:50:26,960
Speaker 4: reach out to your would you say GP for any advice.

994
00:50:26,880 --> 00:50:29,200
Speaker 2: You reach out to your GP will pop some resources

995
00:50:29,239 --> 00:50:31,440
Speaker 2: in the show, not as we always.

996
00:50:31,160 --> 00:50:34,359
Speaker 4: Do, exactly, but yeah, I think this has been really good,

997
00:50:34,760 --> 00:50:38,000
Speaker 4: heavy but good conversation that needs to happen. So I

998
00:50:38,040 --> 00:50:39,319
Speaker 4: feel like, let's go and absorb this.

999
00:50:41,640 --> 00:50:44,120
Speaker 2: Usually do exactly, I guess leaving it here. Your mental

1000
00:50:44,120 --> 00:50:47,000
Speaker 2: health does not define you as a human beings exactly right,

1001
00:50:47,000 --> 00:50:49,040
Speaker 2: full stop, end of story. We love you and we

1002
00:50:49,160 --> 00:50:51,440
Speaker 2: hope that you have the best day ever and we

1003
00:50:51,480 --> 00:50:53,880
Speaker 2: will see you for Friday drinks on Friday.

1004
00:50:54,000 --> 00:51:00,240
Speaker 4: Bye guys.

1005
00:51:01,680 --> 00:51:04,240
Speaker 2: The advice shared on She's on the Money is general

1006
00:51:04,280 --> 00:51:08,120
Speaker 2: in nature and does not consider your individual circumstances. She's

1007
00:51:08,160 --> 00:51:11,640
Speaker 2: on the Money exists purely for educational purposes and should

1008
00:51:11,680 --> 00:51:14,840
Speaker 2: not be relied upon to make an investment or financial decision.

1009
00:51:15,239 --> 00:51:17,680
Speaker 2: If you do choose to buy a financial product, read

1010
00:51:17,680 --> 00:51:21,800
Speaker 2: the pds TMD and obtain appropriate financial advice tailored towards

1011
00:51:21,880 --> 00:51:25,160
Speaker 2: your needs. Victoria Divine and She's on the Money are

1012
00:51:25,200 --> 00:51:30,239
Speaker 2: authorized representatives of Money. Sheper Pty Ltd ABN three two

1013
00:51:30,239 --> 00:51:34,200
Speaker 2: one six four nine two seven seven zero eight AFSL

1014
00:51:34,360 --> 00:51:38,560
Speaker 2: four five one two eight nine