The Economic and Societal Cost of
Disinformation and Not Implementing Optimal Strategies.
Dr. Richard Bruns, PhD discusses
cost-benefit analysis of public health initiatives. This analysis can be
applied to the cost of implementing, discouraging, and not implementing
preventative strategies. The calculation relies on the determination of
the number of lives saved along with the cost of saving each life, and
if the amount of resources allocated would cost more lives than lives
saved. In the United States, the breakeven point for strategies is
spending 10 million dollars per life saved, or $500,000 per life year
saved. The effects of misinformation and disinformation have discouraged
many from becoming vaccinated. When assigning dollar values to the lives
lost and health harms of not getting vaccinated, misinformation has a
monetized cost of between 50 to 300 million dollars every day, almost
all of which is due to the health harms. There is a clear and large
benefit to implementing preventative public health strategies. It does
not make economic sense to discontinue preprocedural testing for
COVID-19 or to drop masking requirements. It is amazing how facilities
will not pay for high quality personal protective equipment (PPE). The
cost in disability, lives and in healthcare disruption more than
justifies expenditures for these strategies.
Health Watch USAsm meeting: Aug. 16, 2023.
https://youtu.be/qJItlfQsO8k
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