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Economic evaluation of border closure for a generic severe pandemic threat using New Zealand Treasury methods
- Source :
- Australian and New Zealand Journal of Public Health, Vol 42, Iss 5, Pp 444-446 (2018)
- Publication Year :
- 2017
-
Abstract
- Objective: To perform a comprehensive economic evaluation of border closure for an island nation in the face of severe pandemic scenarios. Methods: The costing tool developed by the New Zealand (NZ) Treasury (CBAx) was used for the analyses. Pandemic scenarios were as per previous work;1 epidemiological data were from past New Zealand influenza pandemics. Results: The net present value of successful border closure was NZ$7.86 billion for Scenario A (half the mortality rate of the 1918 influenza pandemic) and $144 billion for preventing a more severe pandemic (10 times the mortality of scenario A). Cost–utility analyses found border closure was relatively cost‐effective, at $14,400 per QALY gained in Scenario A, and cost‐saving for Scenario B (taking the societal perspective). Conclusions: This work quantifies the economic benefits and costs from border closure for New Zealand under specific assumptions in a generic but severe pandemic threat (e.g. influenza, synthetic bioweapon). Preparing for such a pandemic response seems wise for an island nation, although successful border closure may only be feasible if planned well ahead. Implications for public health: Policy makers responsible for generic pandemic planning should explore how border closure could be implemented, including practical and legal frameworks.
- Subjects :
- 0301 basic medicine
medicine.medical_specialty
Cost effectiveness
Cost-Benefit Analysis
cost‐benefit
economic analysis
03 medical and health sciences
0302 clinical medicine
Development economics
Pandemic
Influenza, Human
medicine
Humans
030212 general & internal medicine
Closure (psychology)
Pandemics
health care economics and organizations
Present value
Public health
pandemic
lcsh:Public aspects of medicine
Public Health, Environmental and Occupational Health
border closure
lcsh:RA1-1270
cost‐effectiveness
Treasury
cost‐utility
030104 developmental biology
Work (electrical)
Economic evaluation
Business
New Zealand
Subjects
Details
- ISSN :
- 17536405
- Volume :
- 42
- Issue :
- 5
- Database :
- OpenAIRE
- Journal :
- Australian and New Zealand journal of public health
- Accession number :
- edsair.doi.dedup.....5d8c6c5a295196a2bc0b8f9e2384d61e