2021
DOI: 10.2217/cer-2020-0245
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Estimates of the value of life lost from COVID-19 in Ohio

Abstract: The economic burden of mortality due to the novel coronavirus (COVID-19) extends beyond the lives lost. Data from the Ohio Department of Public Health and Social Security Administration was used to estimate the years of potential life lost, 72,274 and economic value of those lost lives, US$17.39 billion. These estimates may be used to assess the risk-trade off of COVID-19 mitigation strategies in Ohio.

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Cited by 10 publications
(9 citation statements)
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“…The VSLY utilized in this paper assumed an age- and income-adjusted but otherwise standard VSL, regardless of factors such as community preferences, values and work-related risk exposures [ 14 , 31 ]. Although the present approach is consistent with prior research [ 25 ], and no universally accepted mathematical model of VSLY exists, alternate models of VSLY may incorporate additional variables and arrive at different valuations [ 31 , 32 ] Consequently, the results of this study should be understood as estimates of the financial value of COVID-19 risk reductions across groups, with the trends toward racial and ethnic disparities observed here likely to be more meaningful than precise values. Furthermore, while it is possible that other methodologies would yield less-pronounced racial and ethnic disparities, the current findings may, in fact, be more likely to underestimate the disparities in VSL across racial and ethnic groups, due to the higher COVID-19 exposure risks associated with many low-income jobs, which are often disproportionately held by non-White workers [ 3 ].…”
Section: Discussionsupporting
confidence: 67%
See 1 more Smart Citation
“…The VSLY utilized in this paper assumed an age- and income-adjusted but otherwise standard VSL, regardless of factors such as community preferences, values and work-related risk exposures [ 14 , 31 ]. Although the present approach is consistent with prior research [ 25 ], and no universally accepted mathematical model of VSLY exists, alternate models of VSLY may incorporate additional variables and arrive at different valuations [ 31 , 32 ] Consequently, the results of this study should be understood as estimates of the financial value of COVID-19 risk reductions across groups, with the trends toward racial and ethnic disparities observed here likely to be more meaningful than precise values. Furthermore, while it is possible that other methodologies would yield less-pronounced racial and ethnic disparities, the current findings may, in fact, be more likely to underestimate the disparities in VSL across racial and ethnic groups, due to the higher COVID-19 exposure risks associated with many low-income jobs, which are often disproportionately held by non-White workers [ 3 ].…”
Section: Discussionsupporting
confidence: 67%
“…The results of the present study are consistent with similar disparities analyzed in New York, Ohio and Illinois. In New York and Ohio, older individuals bore the greatest economic burden of life lost, with individuals over the age of 60 experiencing the greatest impact [ 4 , 25 ]. In Chicago, Illinois, and in Cook County in general, Black and Hispanic residents experienced a disproportionate COVID-19 burden and premature loss of life [ 26 , 27 ].…”
Section: Discussionmentioning
confidence: 99%
“…The population average VSLY, which is used by policymakers to calculate the economic value of reducing mortality risks, was determined to be US$240,676 based on previously published literature [10]. The VSL for each age range was then calculated by multiplying the YPLL by the VSLY to quantify the economic burden of premature deaths due to COVID-19 [3]. The YPLL and VSL values were aggregated to obtain total YPLL and total VSL.…”
Section: Discussionmentioning
confidence: 99%
“…In Section 4, we also include a brief discussion of the methodological weakness of using the sex-specific remaining life expectancy method to define YPLL in the context of COVID-19. YPLL has been used to contrast male and female COVID-19-attributable YPLL in the state of Ohio [48], but outside of Quast et al and to the best of our knowledge at the time of writing, YPLL has not yet been formally used as an epidemiological measure of mortality burden in the peer-reviewed literature to comprehensively characterize state-level disparities in the COVID-19 mortality burden between males and females in the U.S.…”
Section: Methodsmentioning
confidence: 99%