Handelshögskolan vid Örebro universitet

Seminar in Health economics: The Economic Cost of Covid-19 Illness: The case of Iceland, Norway, and Sweden

23 november 2021 15:15 – 16:30 Hybrid seminar, Campus Örebro

The Economic Cost of Covid-19 Illness: The case of Iceland, Norway, and Sweden. Health Economics Seminar organized by the Health Economics Network at Örebro University and Region Örebro

Senior Professor Lars Hultkrantz will present The Economic Cost of Covid-19 Illness: The case of Iceland, Norway, and Sweden Manuscript to be included in the Nordic Economic Policy Review Co-author: Mikael Svensson Abstract An assessment of the health-related costs of the Covid 19 disease in Iceland, Norway and Sweden from the start until August 15, 2021 is reported.

The morbidity and mortality consequences of the pandemic were different across the three countries. Deaths have predominantly been in the older age categories, with a large share of deaths coming from the population in long-term residential care facilities. However, because of consequences from behavioral and policy responses to the pandemic on mortality from other causes, only Sweden experienced a surge of excess mortality.

We conduct analyses both using the total number of deaths and the total number of estimated excess deaths. Each death is measured by the average number of quality-adjusted life-years (QALYs) lost per death, which is the product of predicted life-years lost per death and health-related quality of life in each of the years. For non-fatal incident cases, we identify the health burden by the lost QALYs due to the reduced health-related quality of life during a fixed period of the illness. The consequences of non-fatal incident cases are also measured by the total number of inpatient hospital days (and its associated cost) and the production loss caused by sick leave.

For the latter, we use the human capital approach to value lost production. Based on excess deaths, the cost-of-illness per capita of the Covid-19 disease until August 15, 2021, is estimated to 586, 65, and 96 Euro in Sweden, Norway, and Iceland. This corresponds to 1.4%, 0.12%, and 0.2% of the annual national GDP.

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To location and the web-link to the seminar will be send by email to everyone who register for the seminar before Tuesday, November 16. Please, register here