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. 2021 May 25;120:S95–S105. doi: 10.1016/j.jfma.2021.05.020

Table 4.

The results of the cost-benefit analysis for three COVID-19 vaccines.

Costsa No vaccination Vaccination
Net cost (saving) of no vaccination versus vaccination
Moderna Pfizer AstraZeneca Moderna Pfizer AstraZeneca
Direct cost
 Vaccine 0.0000 52.7244 30.8519 18.9079 52.7244 30.8519 18.9079
 COVID-19 medical cost 172.9218 25.7249 25.7741 36.5047 (147.1968) (147.1477) (136.4170)
Indirect cost related to activities for vaccine jab and medical needs 248.6040 77.0265 75.2695 111.5270 (171.5775) (173.3345) (137.0771)
Benefit-cost ratio
 Payer's perspective (BCR1) 2.79 4.77 7.21
 Societal perspective (BCR2) 6.05 10.39 14.46
Economic impacts
 Due to productivity and education loss (791.34) (798.91) (592.03)
 Value of statistical life (14418.71) (14414.57) (13283.61)
Benefit-cost ratio
 In terms of productivity and education loss (BCR3) 13.54 23.32 28.85
 In terms of value of statistical life (BCR4) 175.84 300.30 442.79
a

Data presented in individual average.