Integrated Quantification of the Health and Economic Impacts of Differing Strategies to Control the COVID-19 Pandemic

Blakely, Tony; Bablani, Laxman; Carvalho, Natalie; Abraham, P.; Katar, Ameera; Boujaoude, Marie-Anne; Akpan, Edifofon; Wilson, Nick

doi:10.2139/ssrn.3605136

Cited by 2 publications

(2 citation statements)

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“…Both NHB and NMB were shown to offer advantages in building regression-based models used in economic evaluations 43 . Over the last years, the ICER-based and the net-benefit-based methods have been used to evaluate different intervention approaches aimed to control the spread of COVID-19 38,39,[49][50][51] .…”

Section: Discussionmentioning

confidence: 99%

“…A recent study in the Australian context used a range of WTP up to US$300,000 (or AU$412,771.9) per health-adjusted life year (HALY). It specified preferable COVID-19 intervention policies in three ranges: (i) up to US$20,000 (AU$27,518.1), (ii) from US$30,000 (AU$41,277.2) to US$240,000 (AU$330,217.4), and (iii) above US$240,000 50 .…”

Section: Willingness To Paymentioning

confidence: 99%

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A general framework for optimising cost-effectiveness of pandemic response under partial intervention measures

Nguyen

Prokopenko

2022

Sci Rep

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The COVID-19 pandemic created enormous public health and socioeconomic challenges. The health effects of vaccination and non-pharmaceutical interventions (NPIs) were often contrasted with significant social and economic costs. We describe a general framework aimed to derive adaptive cost-effective interventions, adequate for both recent and emerging pandemic threats. We also quantify the net health benefits and propose a reinforcement learning approach to optimise adaptive NPIs. The approach utilises an agent-based model simulating pandemic responses in Australia, and accounts for a heterogeneous population with variable levels of compliance fluctuating over time and across individuals. Our analysis shows that a significant net health benefit may be attained by adaptive NPIs formed by partial social distancing measures, coupled with moderate levels of the society’s willingness to pay for health gains (health losses averted). We demonstrate that a socially acceptable balance between health effects and incurred economic costs is achievable over a long term, despite possible early setbacks.

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