A recent one published in Scientific Reports assessed life expectancy and economic losses from deaths from coronavirus disease 2019 (COVID-19) in the United States (United States).
The COVID-19 pandemic has taken a heavy toll on the United States, with more than one million deaths as of May 12, 2022. These deaths have caused social upheaval, private tragedies and economic losses. Moreover, these losses may not have been slightly distributed, given socio-economic inequalities.
In the existing study, researchers estimated the effect of one million COVID-19-related deaths on life expectancy and economic well-being in the United States. Using U. S. national life tables, they calculated life expectancy at birth and at age 35. , excluding COVID-19 as the cause. Then, they arranged the economic losses in 3 stages.
First, the effect on the domestic source of income expansion was estimated. Second, they estimated the statistical life rate (VSL) using a constant rate recommended by the U. S. Department of Health and Human Services. U. S. (HHS) and 2000 age-specific. VSL pricing. Third, the threat of excess mortality was assessed using age-specific year (VSLY) SLV.
Most deaths occurred in the non-Hispanic white population (64. 5), followed by Hispanic (16. 1%), non-Hispanic black (14. 3%), and Asian (3. 1%). However, the Hispanic population had age-adjusted death rates in 2020/2021. Most deaths among non-Hispanic whites occurred among others 85 and older. In contrast, the organization of the Hispanic population aged 65 to 74 recorded the highest number of deaths.
These deaths represented a relief in life expectancy of 3. 08 years at birth and a loss of 3. 02 years at age 35. The highest relief in life expectancy among Hispanics, followed by Asian and non-Hispanic black populations. In total, those deaths caused economic problems, welfare losses of approximately $3. 57 trillion. About $2. 2 trillion in economic losses were due to the deaths of non-Hispanic white people.
There were $694. 2 billion in losses due to the deaths of Hispanic Americans and $579. 93 billion in losses due to the deaths of non-Hispanic blacks. When HHS-recommended VSL was used, losses were estimated at $9. 82 billion, with white fatalities contributing 63%.
However, losses amounted to $4. 85 billion when an age-specific VSL was estimated, and deaths in the non-Hispanic white population accounted for 58. 6% of the loss. The losses were $4. 38 billion when VSLY was valued. As previously, the non-Hispanic white population accounted for 65. 82% of the loss.
The effects revealed unprecedented losses in life expectancy seen since the 1918 influenza pandemic. The one million deaths from COVID-19 between February 2020 and May 2022 reduced life expectancy by 3. 08 years at birth, from 3. 02 years to 35 years and from 2. 07 years to 65 years. These losses have reversed the gains of the last 4 decades.
Economic losses in terms of the cost of lives lost and the impact on expanding the national source of income were approximately $3. 57 trillion. taken into account. In addition, losses were unevenly distributed among racial groups.
For example, economic losses were proportional to the duration of the Hispanic population, but 30% more than the demographic contribution of non-Hispanic blacks. affecting Hispanics and blacks, and the desire to invest in ability to prevent/absorb economic impacts in the future.
Written by
Tarun was founded in Hyderabad, India. He holds a Master’s degree in Biotechnology from the University of Hyderabad and is passionate about clinical studies. She enjoys reading study articles and literature reviews and is passionate about writing.
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