Covid Vaccines saved Canada Billions in Damages

 A story that did not get much press in December is here in part and in full here

December 15, 2022 – Vaccination campaigns against COVID-19 saved Canada billions in averted health and economic costs, according to a new report from the C.D. Howe Institute.

In “Damage Averted: Estimating the Effects of COVID-19 Vaccines on Hospitalizations, Mortality and Costs in Canada,” authors Rosalie Wyonch and Tingting Zhang provide estimates of  COVID-19 cases, hospitalizations and deaths prevented by vaccination as well as the economic costs that could have occurred without vaccines.

“Overall, our analysis shows vaccines were highly effective at reducing COVID-19 cases, hospitalizations and deaths – estimates suggest 21 percent fewer cases, 37 percent fewer hospitalizations and 34,900 fewer deaths (from January 2021 to May 2022),” say Wyonch and Zhang.  “The direct cost of vaccine administration compared to the savings associated with averting missed work and treatment costs due to illness indicates an estimated net cost/benefit of –$0.4 billion to $2.1 billion. Using the statistical value of life, the estimated lives saved are valued at an additional $27.6 billion.”