ASPE: COVID Vaccines Saved $2.6B By Cutting Medicare Hospital Stays

By Michelle M. Stein / May 5, 2022 at 9:42 AM
HHS’ Assistant Secretary for Planning and Evaluation released an analysis Wednesday (May 4) that found COVID-19 vaccinations saved $2.6 billion due to 107,000 fewer hospitalizations among Medicare beneficiaries during the first five months of 2021, and Medicare beneficiaries’ out-of-pocket costs were estimated to have dropped by $207 million. “The total hospitalization cost savings from this early vaccination period were nearly large enough to offset the cost for approximately 67.7 million single doses of J&J or 31.2 million two-dose series of...

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