COVID vaccines became freely available in the U.S., one fourth of American adults remain unvaccinated, and a picture of the economic cost of vaccine hesitancy is emerging.
It points to financial risk for individuals, companies and publicly funded programs.Vaccine hesitancy likely already accounts for tens of billions of dollars in preventable U.S.
hospitalization costs and up to hundreds of thousands of preventable deaths, say public health experts.For individuals forgoing vaccination, the risks can include layoffs and ineligibility to collect unemployment, higher insurance premiums, growing out-of-pocket medical costs or loss of academic scholarships.For employers, vaccine hesitancy can contribute to short-staffed workplaces.
For taxpayers, it could mean a financial drain on programs such as Medicare, which provides health care for seniors.Some employers are looking to pass along a risk premium to unvaccinated workers, not unlike how smokers can be required to pay higher health premiums.