Table 4.
Per mother and child cost savings calculation
| Indicators | Denotation and formula | Amount/ Number |
|---|---|---|
| Live births 2013 | a | 870,599 |
| Live births 2014 | b | 954,254 |
| Number of live births in 2013–2014 (calculated) | c = (a + b) | 1,824,853 |
| Average birth of 2013–2014 | d = c/2 | 912,427 |
| Neonatal Mortality Rate from Kenya National Bureau of Statistics et al. [25] | e | 22 |
| Per live births | f | 1,000 |
| Average deaths per year (2013–2014) | g = (d × e)/f | 20,073 |
| Estimated impact of the policy on Neonatal Death (from Table 2, FE (without firstborn)) | h | − 0.200 |
| Number of deaths avoided because of free policy | i = (− g × h) | 4,015 |
| Value of statistical life from Viscusi and Masterman [31] | j | 231,000 |
| Amount spent on the policy in the financial year 2013/2014 from Mulaki and Muchiri [29] | k | USD 43,700,000 |
| Annual benefit of the policy | l = I × j | USD 927,390,295 |
| Cost-to-benefit ratio | m = l/k | 21.22 |