The Societal Value of Vaccination in the Age of COVID-19
- Published By
- American Public Health Association
This article discusses how standard economic evaluations of vaccines only consider limited, direct health and cost benefits and proposes adopting a broader societal view on the benefits of vaccines. A broader perspective would capture the true value of vaccinations more accurately by accounting for indirect benefits. For example, beyond deaths prevented and healthcare costs saved, vaccinations can help reduce hospital-acquired infections, the need for antimicrobial treatments, improve workforce health and participation, increase participation in community activities such as volunteering, and strengthening social networks.