Health
COVID-19 Vaccine Saves $1.2 Trillion in Healthcare Costs: Study
A new study shows that the COVID-19 vaccine has prevented millions of hospitalizations and deaths, saving the health system about $1.2 trillion over the past two years.
Vaccinations have prevented more than 18.5 million hospitalizations and 3.2 million deaths, according to analysis by the Commonwealth Fund, a non-profit research foundation.
Researchers calculated age- and comorbidity-specific risks for serious health outcomes from COVID-19. The results of this study, which also considered immune levels, variants, and pandemic-related restrictions, long covidwhich often requires additional medical care and reduces productivity.
Without a vaccine, between December 2020 and November 2022, the U.S. would have had 1.5 times more cases, 3.8 times more hospitalizations and 4.1 times more deaths, researchers say. .
“This extraordinary achievement has been made possible by sustained funding and policy development to make vaccines available to all Americans,” said Yale University’s Center for Infectious Disease Modeling and Analysis. Yes, said study co-author Alison Galvani, PhD. “To move forward, we need to accelerate the uptake of new boosters, which are fundamental to avoiding further hospitalizations, deaths and school absences.”
many the hospital is full because they are struggling with treatment increase in influenza and COVID-19 cases serious labor shortageChildren’s hospitals still manage surge respiratory syncytial virus Although the infection rate has declined in the past few weeks. Galvani said the health care provider situation would be even worse if a COVID-19 vaccine is not developed as quickly as before.
Looming funding and production changes, including the deregistration of the COVID-19 vaccine and Medicaid, threaten to further destabilize the healthcare system.
Procurement and distribution of vaccines and medicines Shift to the private sector in early January, when federal supplies of vaccines and treatments may run out.As government initiatives wane, the healthcare industry and Patients likely have to bear more costs of COVID-19 vaccination and treatment.
Insurance companies will have to pay for the COVID-19 vaccine without charging patients out-of-pocket or out-of-pocket costs, but Likely to pass on additional costs through higher premiumsInsurance companies are not required to cover COVID-19 treatment, and it remains unclear what insurance companies will cover and how much patients will have to pay.
On the other hand, 18 million people Losing Medicaid coverage when the public health emergency endstentatively in April, according to Estimate From the Robert Wood Johnson Foundation, a non-profit research organization. About 4 million people will be uninsured, according to the foundation.
The federal government sTop reimbursement providers for delivering COVID-19 vaccines, testing and treatment for the uninsured, and are unlikely to reopen these programs. It’s up to the states to create legislation to continue funding.
As insurance company costs to administer the vaccine increase and more Americans lose health coverage, insurance companies and hospitals may pass those costs on to patients, Galvani said. That would slow the already delayed dose rate of updated COVID-19 boosters: As of Dec. 8, only 15.5% of adults had her latest dose, according to the Centers for Disease Control and Prevention. have received COVID-19 boosters.
“Reducing hospitalization rates is especially important amid the strain on health care systems caused by influenza and RSV, and COVID vaccination helps protect hospital resources,” Galvani said. “But if people have to pay more because they don’t have insurance or have high deductibles or copayments, I don’t think it will help the penetration rate of the new boosters.” I’m worried.”
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Sources 2/ https://www.modernhealthcare.com/patient-care/covid-19-vaccine-healthcare-costs-study-commonwealth-fund The mention sources can contact us to remove/changing this article |
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
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