Table 2 Components of cost by age group.
From: Cost-effectiveness analysis of COVID-19 variants effects in an age-structured model
Cost | Description |
|---|---|
Medical cost | The medical costs comprise the hospitalization cost and non-hospitalization cost required to treat an actual confirmed case for each age group i \({\mathrm{Medical cost}}_{i}(t)=(Hospitalization cost+non-hospitalization\mathrm{ cost}) {h}_{i}(t)\) |
Cost of intervention | The intervention cost represents the loss cost caused by the COVID-19 prevention efforts, such as the personal or societal cost of social distancing for confirmed cases and closed contacts with confirmed cases \({\mathrm{Intervention cost}}_{i}(t)=\kappa \frac{\sum_{j=1}^{{n}_{a}}{m}_{i,j}}{q}\frac{{\mathrm{Income}}_{i}}{\gamma } {h}_{i}(t)\) |
Cost of death | The cost of death with age group \(i\) in time \(t\) was calculated by multiplying VSL with the remaining life expectancy for deaths \({\mathrm{Death cost}}_{i}(\mathrm{t})=\upvarepsilon {\mathrm{VSL}}_{USA}\frac{{GDP}_{Korea}}{{GDP}_{USA}}{d}_{i}(t)\) |
