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.[1][2] It is used in economic evaluation to assess the value of medical interventions.[1] One QALY equates to one year in perfect health.[2] QALY scores range from 1 (perfect health) to 0 (dead).[3] QALYs can be used to inform health insurance coverage determinations, treatment decisions, to evaluate programs, and to set priorities for future programs.[3]
- 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.