In addition to preventing serious illnesses, vaccines are an economic investment as they have the added bonus of saving money. As fewer people get sick, this reduces the need for complex and often long-term medical treatment which allows communities to save greatly.

Research from the Johns Hopkins Bloomberg School of Public Health, in addition to other studies, has shown that the returns on vaccines are 16 times the investment; that is to say, every dollar spent on vaccines, on average, saves sixteen dollars in future medical spending.

The journal Health Affairs, which published the Johns Hopkins study, noted that when other factors are considered beyond direct medical costs, such as time not taken off from work due to illness, the return rises to as high as $44 for every dollar spent.

While the economic benefits of vaccinations are great for every country, they especially matter in poor or developing countries, where funds are often stretched thin and accessing affordable health care can be difficult if not impossible.

The World Health Organization estimates that malaria costs Sub-Saharan Africa $100 billion every year. In a region plagued by poverty, that is too much money for countries to be spending on preventable diseases.

Vaccines show that when we invest in prevention, we can make huge savings on treatment. In turn, the money that would be spent treating preventable diseases can go to other places, such as to education, poverty reduction schemes or energy programs.

Vaccines are an economic investment that not only save lives, but they also save money in so many ways, not just treatment costs.

When people are sick with a debilitating illness, not only do they spend money on treatment, they lose money when they cannot work resulting in a vicious cycle of economic hardship. Continued increased access to vaccines can help millions around the world.

– Emily Milakovic

Photo: U.N. Multimedia