How to track the health costs of the flu vaccine
- by admin
A new study from the University of Michigan finds that the flu shot is significantly cheaper than previously thought, and that the U.S. is not seeing a “dramatic increase in medical costs.”
In fact, according to the study, the cost of flu vaccines in the U, and the rest of the world, is actually “slightly higher” than previously believed.
Read more “The price of the influenza vaccine is about three times lower than we expected and that’s probably a good thing because it means that we’re getting the flu jab at a lower cost,” Dr. Christopher Stebbins, one of the authors of the study from Michigan State University, said in a press release.
“But I don’t think that’s necessarily a bad thing.”
“The cost of the vaccines is about 3 times lower” than we thought.
The study examined the costs of flu shots in the United States and the United Kingdom.
The United States, as a whole, costs $7 billion annually for flu vaccines, and there is a $2 billion gap between the cost in the UK and the cost to administer flu vaccines for U.K. citizens.
Read the full study here.
“The difference in the cost between the United states and the U.”
The United Kingdom, however, is a bit more expensive than the U., and it’s not clear why.
The authors found that for the United Nations-approved influenza vaccine (the vaccine used in the new study), the United Nation’s Office for the Coordination of Humanitarian Affairs and other stakeholders had estimated the cost at $7.3 billion.
That figure is higher than the actual cost of $6.7 billion, but not a lot.
“I would say it’s probably within the range of $5 billion,” Dr Stebbsins told Business Insider in an interview.
“That’s a bit high.”
“What we are seeing is that it’s very difficult to get that cost down to that level.”
The study also found that, on average, the United Sates health care system spends about $2,000 per flu vaccine administered to U.N. employees, which means the U .
S. health care costs could be higher than previously estimated.
For example, in a 2016 report from the U of N’s World Health Organization, health care expenditures were estimated at $4.9 billion, while the U S. spent $5.3 million per flu vaccination.
That means the UnitedS health care sector has spent a lot more money on flu vaccines than the world is spending on flu prevention.
The U. S. health sector has about 7.5 million health care workers, with the vast majority of those working in the health care field, according the U OF S. The number of people working in U. s health care industry has increased since the introduction of the pandemic in late 2015, with health care spending increasing by more than $10 billion per year.
Read Dr. Stebbers study here to learn more about the impact of the vaccine.
A new study from the University of Michigan finds that the flu shot is significantly cheaper than previously thought, and…
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