Their study, published Tuesday, found that without Covid-19 vaccines, the nation would have had 1.5 times more infections, 3.8 times more hospitalizations and 4.1 times more deaths than it did between December 2020 and November 2022.
Analysis by the Office for National Statistics found a link between the virus and the soaring levels of workforce inactivity since the pandemic struck, which is posing severe economic problems for the UK.
David Cutler, an economist at Harvard University who projected the $3.7 trillion economic cost of long Covid, estimates the individual medical costs of the disease to be about $9,000 a year, on average. However, typical costs can range from roughly $3,700 up to almost $14,000, Cutler said.
Long Covid has affected as many as 23 million Americans. It may cost the U.S. economy $3.7 trillion, roughly that of the Great Recession, according to one estimate.
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