Costing the COVID-19 Pandemic: An Exploratory Economic Evaluation of Hypothetical Suppression Policy in the United Kingdom
- PMID: 33127013
- PMCID: PMC7833705
- DOI: 10.1016/j.jval.2020.07.001
Costing the COVID-19 Pandemic: An Exploratory Economic Evaluation of Hypothetical Suppression Policy in the United Kingdom
Abstract
Objective: This study aims to cost and calculate the relative cost-effectiveness of the hypothetical suppression policies found in the Imperial College COVID-19 Response Team model.
Methods: Key population-level disease projections in deaths, intensive care unit bed days, and non-intensive care unit bed days were taken from the Imperial College COVID-19 Response Team report of March 2020, which influenced the decision to introduce suppression policies in the United Kingdom. National income loss estimates were from a study that estimated the impact of a hypothetical pandemic on the UK economy, with sensitivity analyses based on projections that are more recent. Individual quality-adjusted life-year (QALY) loss and costed resource use inputs were taken from published sources.
Results: Imperial model projected suppression polices compared to an unmitigated pandemic, even with the most pessimistic national income loss scenarios under suppression (10%), give incremental cost-effectiveness ratios below £50 000 per QALY. Assuming a maximum reduction in national income of 7.75%, incremental cost-effectiveness ratios for Imperial model projected suppression versus mitigation are below 60 000 per QALY.
Conclusions: Results are uncertain and conditional on the accuracy of the Imperial model projections; they are also sensitive to estimates of national income loss. Nevertheless, it would be difficult to claim that the hypothetical Imperial model-projected suppression policies are obviously cost-ineffective relative to the alternatives available. Despite evolving differences between government policy and Imperial model-projected suppression policy, it is hoped this article will provide some early insight into the trade-offs that are involved.
Keywords: COVID-19; United Kingdom; coronavirus; cost-effectiveness; economic evaluation; mitigation; suppression.
Copyright © 2020 ISPOR–The Professional Society for Health Economics and Outcomes Research. Published by Elsevier Inc. All rights reserved.
Comment in
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The Role of Health Economics and Outcomes Research in Addressing Coronavirus Disease 2019 (COVID-19).Value Health. 2020 Nov;23(11):1403-1404. doi: 10.1016/j.jval.2020.09.009. Epub 2020 Oct 13. Value Health. 2020. PMID: 33127008 Free PMC article. No abstract available.
References
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- Johns Hopkins University COVID-19 dashboard by the Center for Systems Science and Engineering (CSSE) https://coronavirus.jhu.edu/map.html
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- UK government Coronavirus cases in the UK: daily updated statistics. https://www.gov.uk/guidance/coronavirus-covid-19-information-for-the-public
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