Indirect Impacts
Although difficult to measure precisely, Baxter's main indirect economic impact is through its products. By using Baxter products, many patients extend and improve the quality of their lives, increase productivity and potentially avert further health expenses by addressing medical conditions. These products may also reduce broader healthcare system costs. Baxter conducts economic research and works to provide governments, healthcare organizations and patients the information needed to make the best possible decisions about treatment.
Another category of indirect impacts is referred to as the "multiplier effect" – the impact that company spending has on the broader economy, for example, through creating jobs in the supply chain and supporting services such as air travel or hospitality. Baxter does not currently have quantitative data in this area, but believes these impacts are significant given the company's size and scope. For example, Baxter paid its suppliers approximately $4.1 billion in 2006, which those suppliers then use for purposes such as paying their suppliers, providing their employees with wages and benefits, paying taxes, and other purposes.
