Because the world heads into another COVID-19 fall and winter, new data from the Brookings Institution sheds some insight on the consequences of long COVID. Based on the Centers for Disease Control and Prevention (CDC), long COVID covers an array of symptoms that persist for weeks to even years after initial COVID infection, such as headaches, brain fog, chest pain, and much more. THE PLANET Health Organization (WHO) defines long COVID as a disorder in those that had a probable or confirmed COVID-19 diagnosis within 90 days, symptoms that last at the very least 8 weeks, and cant be explained by another diagnosis.
Around 10 to 50 percent of these infected with COVID-19 will experience long COVID. A fresh Brookings report released on August 24 finds that ranging from two and four million Americans are not working because of the ramifications of the mysterious disease. The brand new report builds using one from January that estimated long COVID is adding to the countrys labor shortage by 15 percent.
Brookings used new data from AMERICA Census Bureaus Household Pulse Survey (HPS), a survey that’s made to gather and implement data quickly and efficiently. In June, the bureau added four questions about long COVID to the questionnaire, which gave researchers updated date on the conditions prevalence. A recent study from the Federal Reserve Bank of Minneapolis also corroborates numbers gathered by the HPS.
Critically, this number will not represent the entire economic burden of long COVID, since it will not include impacts like the lower productivity of individuals working while ill, the significant healthcare costs patients incur, or the lost productivity of caretakers, wrote Brookings senior fellow Katie Bach. Including those factors, long COVID may cost an additional $544 billion annually, in accordance with calculations from Harvard University economist David Cutler who reviewed to the report.
Brookings also finds that experience is in keeping with those of comparable economies. They cite a speech in-may from the former Bank of England representative who stated that work force participation has dropped by around 1.3 percent over the entire 16 to 64 year-old population and that long-term illness is evoking the greatest impact.
If long COVID patients dont begin recovering at greater rates, the economic burden will continue steadily to rise, added Bach. They estimate that when the amount of Americans infected long COVID increases by simply 10 percent every year, the annual cost of lost wages will total half of a trillion dollars in 10 years. These impacts stand to worsen as time passes if the united states will not take the required policy actions, the Brookings authors said.
By the end of the report, it highlights the five critical interventions that needs to be taken up to best mitigate the macro and microeconomic ramifications of long COVID, including: better prevention and treatment, expanding paid sick leave, improving workplace accommodations, widening usage of disability insurance, and enhancing data collection.