1 minute (overview).
ESG Social Impact Data; COVID-19 Vaccines
- For the first year of vaccines, over 20 million lives are estimated to have been saved around the world December 2020-21. The Lancet
- The quality-adjusted life year (QALY) is a generic measure of disease burden, including both the quality and the quantity of life lived. It is used in economic evaluation to assess the value of medical interventions. One QALY equates to one year in perfect health. QALY scores range from 1 (perfect health) to 0 (dead). QALYs can be used to inform health insurance coverage determinations, treatment decisions, to evaluate programs, and to set priorities for future programs.
- In the US the “value” of life ranges from $50,000-$129,000 per quality-adjusted life year also known as tthe “dialysis standard” therefore 20 million lives saved could be valued at $1 to $2.5 Trillion per year of life saved.
- The IMF estimated the lost economic output of COVID-19 was $28 Trillion, therefore, without the vaccines the economic impact would have been about $10-15 Trillion per year.