05 COVID Prosser 508

CDC ACIP — Vaccine Advisory Committee

Acip

Slides

38

Document text

Economic analysis of 
COVID -19 vaccination 
University of Michigan 
COVID -19 Vaccination Modeling Team 
ACIP Meeting 
June 24, 2024 
1 
 
 
 
 
 
      
 Study team 
University of Michigan 
• Lisa A. Prosser, PhD, Principal Investigator 
• David W. Hutton, PhD, Co -Investigator 
• Acham Gebremariam, MS, Programmer/Analyst 
• Angela Rose, MS, MPH, Project Manager 
• Christina Nyamuswa, Research Assistant 
Wake Forest University 
• Cara Janusz, PhD Centers for Disease Control and Prevention 
• Jamie Pike, PhD, Health Economist, Project officer 
• Megan Wallace, DrPH, Epidemiologist 
• Ismael Ortega -Sanchez, PhD, Senior Economist 
• Andrew Leidner, PhD, Economist 
• Fangjun Zhou, PhD, Health Scientist 
• Melisa Shah, MD, MPH, Medical Epidemiologist 
• Danielle Moulia, MPH, Health Scientist 
• Ruth Link -Gelles, PhD, Epidemiologist 
• Sharon Saydah, PhD, Epidemiologist 
2 
    
 Expert panelists – Pediatric Model 
Matthew Daley, MD, University of Colorado School of Medicine 
Rachel Gross, MD, New York University Grossman School of Medicine 
Sean O’Leary, MD, University of Colorado School of Medicine 
Peter Szilagyi, MD, MPH, University of California, Los Angeles 
3 
  Conflict of interest statement 
Authors have no known conflicts of interest. 
4 
     
 
   
  
 
 
           
          Objectives 
• Original aims*: 
o 
o 
o 
o Estimate annual disease burden and healthcare utilization associated with COVID -19 
illness and COVID -19 booster vaccination, including cases of symptomatic illness, 
hospitalizations, deaths, adverse events, costs, and quality -adjusted life years 
Project cost -effectiveness of an updated mRNA booster against COVID -19-associated 
illness in persons ages ≥18 years 
• Update s for this Phase 3 model: 
Addition of pediatric age groups: 5 -11y, 12 -17y 
Updates to adult model to reflect rapidly evolving evidence base 
* Earlier analyses from this model were presented to ACIP in September 2023 and February 2024: Prosser, Lisa A. (2023). Economic Analysis of Vaccination with mRNA 
Booster Dose against COVID -19 Among Adults; Prosser, Lisa A (2024). Economic analysis of an additional dose of COVID -19 vaccine 
5 
  
  
 
 
   
 
   
 
   Phase 3 Updates 
Pediatric Model -new Adult Model -  revised 
1. Epidemiologic inputs 
2. Seasonality -adjusted vaccine 
impact 
3. Cost inputs 
4. Quality Adjustments 1.Epidemiologic inputs 
• Hospitalization rates – more recent, lower 
• Probability of Long COVID -stratified by 
illness severity 
2.Cost inputs 
• Costs & productivity losses associated with 
Long COVID -updated 
• Vaccine dose cost -updated to CDC list 
price 
3.Quality adjustments 
• Symptomatic illness -updated 
6 
Methods 
7 
Model 
schematic 
No ventilator 
Ventilator Symptomatic 
COVID -19 
(non -hospitalized) 
Hospitalized 
COVID -19 Non -medically 
attended 
Outpatient visit 
No ICU 
admission 
ICU admission B 
No 
complications 
Long COVID B 
D Death No 
COVID -19 
COVID -19 No Long COVID 
Long COVID 
Long -term 
sequelae No 
complications 
Long COVID 
Death ED visit B 
No ventilator 
Ventilator C 
D C 
Updated COVID -
19 vaccination, 
1-dose strategy 
A 
A 
A No updated 
COVID -19 
vaccination 
A A 
No side 
effects 
Systemic 
reaction 
Anaphylaxis 
Severe 
adverse event  
 
 
  
  
 
 
  
 
  
 
 
   
   
ED = emergency department; ICU = intensive care unit 8 
 
 Analysis Plan 
• Project health and economic outcomes stratified by intervention strategy and by 
age subgroups (5 -11y, 12 -17y, 18 -49y, 50 -64y, 65+y) 
o Cases 
o Hospitalizations 
o Deaths 
o Costs 
o QALYs 
o Adverse events 
• Calculate incremental cost -effectiveness ratios comparing updated COVID -19 
vaccination to no updated vaccination (societal perspective) 
• Conduct base case and uncertainty analyses (one -way sensitivity and scenario 
analyses) 
9 
  Model inputs 
10 
   
 
 
  
      Probability of symptomatic illness, annualized 
Age Base case Range for sensitivity analysis Source 
Low High 
5-11 years 0.3145 0.1790 0.4510 Assumption 
based on adult 
data* 12-17 years 0.3145 0.1790 0.4510 
18-49 years 0.3145 0.2858 0.3444 HEROES -
RECOVER 
Dec 2022 -May 
2023 50-64 years 0.2841 0.2438 0.3274 
65+ years 0.3339 0.2312 0.4510 
*Base case assumed to be the same as 18 -49 years with a wider range for sensitivity analysis 
Unchanged from Phase 2 11 
 
                              40 
Weekly  rates  of 
COVID- 19 
associated  
hospitalizations  
by  season,  all  
ages 30 
20 
10 Hospitalization rate per 100,000 2021- 2022 
2020- 2021 
2022- 2023 
2019- 2020 
2023- 2024 
12 Oct    Nov    Dec  Jan Feb Mar Apr     May    Jun  Jul    Aug Sep 
0 
 
 
    
     Probability of hospitalization, annualized 
0.008 0.0079 
0.007 
0.006 
0.005 
0.004 
0.003 
0.002 0.00155 
0.001 0.000133 0.000181 0.000443 
0 
5-11 12-17 18-49 50-64 65+ 
years years years years years Age Base case Range for sensitivity analysis 
Low High 
5-11 years 0.000133 0.000034 0.000336 
12-17 years 0.000181 0.000039 0.000456 
18-49 years 0.000443 0.000101 0.002040 
50-64 years 0.001550 0.000413 0.004790 
65+ years 0.007900 0.002450 0.020900 
Source: Derived using COVID -NET data (October 2022 -September 2023) adjusted by the probability of hospitalization attributable t o COVID -19 by 
quarter. The upper limit is from COVID -NET data (October 2022 -March 2023), unadjusted by the probability of hospitalization attr ibutable to COVID -19. 
13 
   
 
  
   
         
       
 
        
    Probability and duration of Long COVID, by age 
Age group Initial illness 
severity Probability of 
Long COVID Range for sensitivity 
analysis 
Low High Median 
duration 
(months) Source 
Symptomatic 0.002 0.002 0.003 5.8 
Assumption 
5-17 y Outpatient 0.005 0.003 0.006 7.6 based on adult 
Hospitalized 0.008 0.003 0.013 8.9 data* 
Symptomatic 0.011 0.009 0.013 5.8 INSPIRE, 
unpublished data 
18+ y Outpatient 
Hospitalized 0.023 
0.040 0.017 
0.017 0.029 
0.064 7.6 
8.9 Dec 2020 -Mar 
2023. Montoy and 
Ford, 2023** 
* Duration assumed to be the same as 18+ y. Probabilities c alibrated to national data from the National Center for Health Statistics 
(Vahratian 2023) 
** Derived using data on extreme fatigue and cognitive difficulties from INSPIRE ( Montoy and Ford 2023, INSPIRE unpublished data) 
calibrated to national data from the National Center for Health Statistics (Adjaye -Gbewonyo 2023) 
14 
   
   
    
    
                                                                             
0 33 66 99 132 165 198 231 264 297 330 3630 33 66 99 132 165 198 231 264 297 330 363Seasonality-adjusted vaccine impact 
Vaccine effectiveness against ED/UC,  5 - 17 y Cases averted 5 -11 y
3.0 100% 
90% 
2.5 Optimistic 80% 
71% 
70% 
 
 
 
  48% 
Base case Conservative 
Hospitalizations per 100,000 Cases averted Cases Vaccine effectiveness 
10% 
0.0 0% 2.0 
60% 
1.5 50% 
40% 
30% 
20% 1.0 
0.5 
Oct  Nov   Dec    Jan  Feb    Mar   Apr May Jun Jul Aug  Sep Oct   Nov Dec Jan Feb   Mar   Apr May Jun  Jul Aug Sep 
Age Base case Range for sensitivity analysis Source 
Low High 
5-11 years 0.423 0.133 0.711 VISION 
unpublished data* 
*Sept 2023 -May 2024 
ED = emergency department; UC = urgent care 15 
    
 
       
   
    
             
  Seasonality -adjusted vaccine impact against 
symptomatic illness/hospitalization 
Age Base case Range for sensitivity analysis Source 
Low High 
5-11 years 0.423 0.133 0.711 VISION, 
Assumption* 12-17 years 0.422 0.136 0.713 
18-49 years 0.360 0.140 0.475 VISION, IVY , 
seasonality 
adjusted** 50-64 years 0.357 0.141 0.475 
65+ years 0.347 0.134 0.468 
* VISION data for Sept 2023 -May 2024, adjusted VE against emergency department/urgent care visits was applied to pediatric age -group 
specific hospitalization rates from COVID -NET to derive seasonality -adjusted vaccine impact 
** Using data on bivalent booster data from Sep 2022 -May 2023. Range includes minimum and maximum from both data sources, min: 
conservative approach (VE at 180 days=0) and max: optimistic approach (VE at 180 days=VE at 365 days); assumed same VE for sy mptomatic 
illness as hospitalization, seasonality adjusted 
16 
5-11 years 
35 
30 
25 Hospitalizations per 100,000 20 
15 Base Case Alternative #1 (winter peak) 
10 
Alternative 2 (spring peak) 5 
0 Alternative seasonality assumptions – winter, spring peaks 
12-17 years 
35 
30 25 Hospitalizations per 100,000 20 
15 
10 
5 
0 
Oct  Nov   Dec   Jan Feb    Mar   Apr May Jun  Jul   Aug  Sep Oct  Nov   Dec   Jan Feb    Mar   Apr May Jun  Jul   Aug  Sep 
0 5 10 15 20 25 30 35 Hospitalizations per 100,000 18-49 years 
0 5 10 15 20 25 30 35 Hospitalizations per 100,000 50-64 years 
0 20 40 60 80 100 120 140 160 180 200 Hospitalizations per 100,000 65+ years 
Oct  Nov   Dec   Jan Feb    Mar   Apr May Jun  Jul   Aug  Sep Oct  Nov   Dec   Jan Feb    Mar   Apr May Jun  Jul   Aug  Sep Oct  Nov   Dec   Jan Feb    Mar   Apr May Jun  Jul   Aug  Sep         
   
 
             
                   
1 2 3 4 5 6 7 8 9 10 11 121 2 3 4 5 6 7 8 9 10 11 12
1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 121 2 3 4 5 6 7 8 9 10 11 12
17 
  
  
  
   
    
                
              
  
  
 
 Vaccination -related costs 
• Direct medical costs of vaccine dose, administration fee, and adverse events 
• Time costs for recipients or caregivers; vary by setting; children ages 5 -11 years most likely to be 
vaccinated in physician office setting 
Table. Vaccine dose cost 
Age Base case Range for sensitivity analysis Source 
Low* High 
5-11 years ** $89 $30 $130 CDC Vaccine 
Price List 12-17 years** $102 $30 $130 
18+ years *** $119 $30 $130 
* Lower bound reflects price of bivalent boosters as of March 2023. 
** Assumes 50% CDC contract pricing and 50% private sector pricing 
***Assumes 12.8% receive vaccines through government programs (Source: CDC unpublished data) 
Note: Age 12+ private sector/CDC contract prices: Moderna $ 128/$85.91; Novavax $130/$58; Pfizer $115/$97.75 
Age 5 -11 private sector/CDC contract prices: Moderna $ 128/$85.91; Pfizer $77/$65.45 
Costing year: 2023 
18 
    
  
 Direct medical costs (supplementary slides) 
• Vaccination -related adverse events 
• OTC & prescription medications for medically -attended non -
hospitalized illness 
• Outpatient visit (claims data) 
• Emergency department visit 
• Hospitalizations with and without complications (ventilator 
assistance, ICU stay) 
• Long COVID – pediatric estimates based on adult data 
OTC = over the counter medications; ICU = intensive care unit 
19 
   
 
  Time costs/productivity losses* 
(supplementary slides) 
• Vaccination receipt 
• Vaccination -related adverse events 
• Outpatient visit 
• Emergency department visit 
• Hospitalizations with and without complications (ventilator 
assistance, ICU stay) 
• Long COVID 
• Deaths 
*Caregiver time costs or productivity losses for pediatric age groups 
ICU = intensive care unit 
20 
     
  
  
 
 
  
 
  
 
 
    QALYs lost, COVID -19 illness & hospitalization 
Range for Sensitivity Analysis Age Base Case Low High 
Symptomatic illness 
5-17 years 0.0057 0.0030 0.0085 
18+ years 0.0046 0.0018 0.0074 
Hospitalization, no ICU stay 
5-17 years 0.0189 0.0054 0.0325 
18+ years 0.0174 0.0038 0.0310 
Hospitalization, with ICU stay, ventilator assistance 
5-17 years 0.0883 0.0632 0.1169 
18+ years 0.0394 0.0231 0.0583 
ICU = intensive care unit; QALD = quality -adjusted life day; QALY = quality -adjusted life year QALD 
2.1 
(1.1 – 3.1) 
1.7 
(0.7 – 2.7) 
6.9 
(2.0 – 11.9) 
6.4 
(1.4 – 11.3) 
32.2 
(23.1 – 42.7) 
14.4 
(8.5 – 21.3) Source 
Soare 2023 
Soare 2023 
Mercon 2023 
21 
Results 
22 
    
 
   
       
   
       
    
       
    
         
   
         Disaggregated results, per 100,000 people, 
preliminary estimates 
Age 
group Strategy Health outcomes Health outcomes averted 
Cases Long 
COVID Hosp ICU Deaths Cases Long 
COVID Hosp ICU Deaths 
5-11 y No updated vax 31,450 71 13.3 2.7 0.12 - - - - -
Updated Covid -19 vax, 1 -dose 18,147 41 7.7 1.6 0.07 13,303 30 5.6 1.2 0.05 
12-17 y No updated vax 31,450 72 18.1 3.8 0.12 - - - - -
Updated Covid -19 vax, 1 -dose 18,178 41 10.5 2.2 0.07 13,272 30 7.6 1.6 0.05 
18-49 y No updated vax 31,450 413 44.3 5.8 0.59 - - - - -
Updated Covid -19 vax, 1 -dose 20,128 265 28.4 3.1 0.32 11,322 149 15.9 2.7 0.26 
50-64y No updated vax 28,410 396 155.0 29.9 4.99 - - - - -
Updated Covid -19 vax, 1 -dose 18,268 255 99.7 16.2 2.80 10,142 142 55.3 13.7 2.19 
65+ y No updated vax 33,390 501 790.0 105.9 40.06 - - - - -
Updated Covid -19 vax, 1 -dose 21,804 327 515.9 58.1 23.47 11,586 174 274.1 47.7 16.59 
Hosp = hospitalizations; ICU = intensive care unit stays 
23 
                                              
0 10,000 20,000 30,000 40,000 50,000 
5-11 y 12-17 y 18-49 y 50-64y 65+ y COVID-19 cases 
0 200 400 600 800 1000 
5-11 y 12-17 y 18-49 y 50-64y 65+ y Long COVID Cases 1000 Hospitalizations 
800 
600 
400 
200 
0     
 Disaggregated results, per 100,000 people, 
preliminary estimates 
5-11 y 12-17 y 18-49 y 50-64y 65+ y 
150 ICU stays 
120 
90 
60 
30 
ICU = intensive care unit 
0 24 
5-11 y 12-17 y 18-49 y 50-64y 65+ y 0 30 60 90 120 150 
5-11 y 12-17 y 18-49 y 50-64y 65+ y Deaths 

   
    
 
  
 
 
 
 
 
 
 
 
 Incremental cost -effectiveness ratios, 
societal perspective, per 1000 people, 
preliminary estimates 
Age 
group Strategy Projected 
Costs Incremental 
Costs Projected 
QALYs Incremental 
QALYs $/QALY 
5-11 y No updated vax $38,124 - 26,788 - -
Updated Covid -19 vax, 1 -dose $188,339 $150,215 26,789 0.7494 $200,445 
12-17 y No updated vax $45,219 - 24,638 - -
Updated Covid -19 vax, 1 -dose $198,613 $153,394 24,639 0.7570 $202,621 
18-49 y No updated vax $131,991 - 20,208 - -
Updated Covid -19 vax, 1 -dose $261,080 $129,089 20,209 0.6083 $212,225 
50-64y No updated vax $237,902 - 12,278 - -
Updated Covid -19 vax, 1 -dose $326,508 $88,606 12,279 0.7824 $113,248 
65+ y No updated vax $363,304 - 6,525 - -
Updated Covid -19 vax, 1 -dose $403,428 $40,124 6,527 1.7215 $23,308 
QALY = quality -adjusted life year 
25 
 
 
 
 Incremental  cost-effectiveness  ratios, 
preliminary  estimates 
Age group Societal perspective 
$/QALY 
5-11 y $200,445 
12-17 y $202,621 
18-49 y $212,225 
50-64y $113,248 
65+ y $23,308 
QALY = quality -adjusted life year 
26 
 
 
  
 
   
   
   
  
    
         
 
    
 One way sensitivity analyses, 5 -11 y 
preliminary estimates 
Vaccine impact, symptomatic illnes/hospitalization(0.711, 0.133) 
QALYs lost, symptomatic COVID-19 (0.009, 0.003) 
Probability, symptomatic COVID-19 (0.451, 0.179) 
Cost, vaccine dose ($30, $130) 
Time (h) spent to receive vaccine (0.170, 2) 
Probability, hospitalization given symptomatic COVID-19 (0.00003, 0.00034) 
Cost, vaccine administration per dose ($20.30, $28.90) 
QALYs lost, systemic reaction (0.0001, 0.0004) 
Time (h) spend to receive vaccine, pharmacy (0.083, 0.500) 
Proportion, patients with productivity loss due to Long COVID (1, 0.250) 
0 100,000 200,000 300,000 400,000 500,000 600,000 700,000 
$/QALY 
Base case: $200,445 
Note: Numbers in parentheses indicate input values for sensitivity analysis 
QALY = quality -adjusted life year 27 
 
 
 
   
  
 
  
   
 
         
 
    
 One way sensitivity analyses, 18 -49 y 
preliminary estimates 
Vaccine impact, symptomatic illness/hospitalization (0.475, 0.140) 
QALYs lost, symptomatic COVID-19 (0.007, 0.002) 
Cost, vaccine dose ($30, $130) 
Probability, hospitalization given symptomatic COVID-19 (0.0020, 0.0001) 
Probability, symptomatic COVID-19 (0.344, 0.286) 
Productivity loss, Long COVID (1, 0.250) 
Probability, systemic reaction (0.073, 0.148) 
Time (h) spent to receive vaccine (0.170, 2) 
Vaccine impact, critical illness/death (0.664, 0.287) 
Proportion, patients with productivity loss due to Long COVID (1, 0.250) 
 100,000 200,000 0 300,000 400,000 500,000 600,000 700,000 
$/QALY 
Base case: $212,225 
Note: Numbers in parentheses indicate input values for sensitivity analysis 
QALY = quality -adjusted life year 28 
     
 
 
 
 
 
 
 
       
           
   Scenario analysis: probability of symptomatic illness*, 
ICER ($/QALY) 
preliminary estimates 
Age group Base case** 
0.1 Probability of symptomatic illness 
0.2 0.3 0.4 0.5 
5-11 y $200,445 $722,624 $331,876 $211,334 $152,732 $118,088 
12-17 y $202,621 $714,398 $334,103 $213,584 $154,431 $119,286 
18-49 y $212,225 $709,386 $356,815 $224,808 $155,707 $113,199 
50-64 y $113,248 $264,675 $162,297 $106,065 $70,517 $46,014 
65+ y $23,308 $48,896 $36,178 $26,213 $18,195 $11,603 
*One -way sensitivity analysis of non -hospitalized symptomatic illness varied separately from hospitalization and critical illnes s 
**Base case probability of symptomatic illness: 5 -49 y: 0.3145; 50 -64 y: 0.2841; 65+ y: 0.3339 
ICER = incremental cost-effectiveness ratio; QALY=Quality -adjusted life year 
29 
    
 
 
 
 
 
 
 
          
 
        
             
   Scenario analysis: probability of hospitalization, 
ICER ($/QALY) 
preliminary estimates 
Age group Base case* Probability of hospitalization** 
¼ base case ½ base case 2x base case 3x base case 4x base case 
5-11 y $200,445 $206,836 $204,683 $192,231 $184,349 $176,779 
12-17 y $202,621 $210,339 $207,740 $192,689 $183,146 $173,970 
18-49 y $212,225 $243,483 $232,548 $176,831 $147,052 $121,649 
50-64 y $113,248 $214,304 $173,146 $41,319 Cost saving Cost saving 
65+ y $23,308 $133,631 $78,440 Cost saving Cost saving Cost saving 
*Base case probability of h ospitalization: 5-11 years: 0 .000133; 12-17 years: 0.000181; 18 -49 years: 0.000443; 50 -64 years: 0.001550; 65+ 
years 0.007900 
**Adjusted risk of hospitalization by underlying condition: chronic obstructive pulmonary disease: 0.9, history of stroke: 0. 9, coronary artery 
disease: 1.3, asthma: 1.4, hypertension: 2.8, obesity: 2.9, diabetes: 3.2, chronic kidney disease: 4.0, severe obesity: 4.4. Ko et al 2021. 
ICER = incremental cost-effectiveness ratio; QALY = Quality -adjusted life year 
30 
       
 
 
 
  
 
  
 
 
  
     Scenario analysis: All Long COVID submodel parameters*, 
ICER ($/QALY) 
preliminary estimates 
Age group Base case Long COVID submodel parameters 
All low All high 
5-11 y $200,445 $206,021 $188,365 
12-17 y $202,621 $208,341 $190,416 
18-49 y $212,225 $247,483 $160,934 
50-64 y $113,248 $139,203 $74,095 
65+ y $23,308 $28,118 $15,148 
*Long COVID probabilities, costs, productivity losses and quality adjustments varied simultaneously 
ICER = incremental cost-effectiveness ratio; QALY = Quality -adjusted life year 
31 
     
 
     
 
  
 
 
 Vaccine impact scenario analysis, ICER ($/QALY), 
preliminary estimates 
Base case Scenario 1 
All lower bounds Scenario 2 
All upper bounds 
5-11 y $200,445 $780,660 $108,061 
12-17 y $202,621 $750,981 $107,709 
18-49 y $212,225 $672,057 $138,503 
50-64 y $113,248 $396,767 $52,024 
65+ y $23,308 $141,215 Cost saving 
QALY = quality -adjusted life year 
32 
     
 
 
  
 
  
 
 
   Scenario analysis: alternative seasonality scenarios, 
ICER ($/QALY), 
preliminary estimates 
Base case Alternative seasonality 
scenario #1 
winter peak Alternative seasonality 
scenario #2 
spring peak 
5-11 y $200,445 $229,108 $226,324 
12-17 y $202,621 $230,316 $228,911 
18-49 y $212,225 $264,075 $296,491 
50-64 y $113,248 $135,556 $168,275 
65+ y $23,308 $27,392 $42,660 
ICER = incremental cost-effectiveness ratio; QALY = quality -adjusted life year 
33 
       
 
  
  
 
 
      
   Scenario analysis: vaccine dose cost, ICER ($/QALY), 
preliminary estimates 
Age group Base case* Vaccine dose cost 
$30 $50 $70 $90 $110 $130 
5-11 y $200,445 $121,596 $148,284 $174,971 $201,659 $228,347 $255,035 
12-17 y $202,621 $106,933 $133,352 $159,770 $186,188 $212,607 $239,025 
18-49 y $212,225 $66,351 $99,231 $132,112 $164,992 $197,873 $230,753 
50-64 y $113,248 Cost saving $25,403 $50,965 $76,528 $102,090 $127,652 
65+ y $23,308 Cost saving Cost saving Cost saving $6,618 $18,236 $29,854 
*Base case vaccine cost: 5 -11 y: $89.09; 12 -17 y: $102.44; 18+ y: $118.73 
ICER = incremental cost-effectiveness ratio; QALY = quality -adjusted life year 
34 
   
 
 
  
 
  
 
 
     
   Multi -way sensitivity analysis: vaccination -related costs, 
ICER ($/QALY) 
preliminary estimates 
Age group Base case Vaccination -related costs* 
All low All high 
5-11 y $200,445 $88,225 $292,895 
12-17 y $202,621 $79,777 $271,786 
18-49 y $212,225 $39,518 $267,101 
50-64 y $113,248 Cost saving $155,887 
65+ y $23,308 Cost saving $43,137 
*Vaccination related and adverse event related costs and productivity losses varied simultaneously 
ICER = incremental cost-effectiveness ratio; QALY = Quality -adjusted life year 
35 
  
 
  
 
 
  
 Limitations 
• Data sources vary in representativeness, generalizability 
• Unpublished data used to derive key parameters in the model: vaccine impact, 
symptomatic illness, probabilities of hospitalization and critical illness 
• VE estimates derived from a single season 
• Few seasons to date to estimate seasonality 
• Model does not include reduced transmission (conservative approach) 
• Claims data used to estimate costs includes only supplemental insurance for 65+ 
• Evidence base for Long COVID is especially scarce, even more so for pediatric age 
groups 
• Rapidly evolving evidence base; as critical illness attributable to COVID -19 illness 
declines, mild/moderate illness and Long COVID could become primary drivers of 
cost-effectiveness 
36 
   
    
  
 
  
   
  
    
  
  
  
  
  Summary -preliminary estimates 
➢Vaccination averts morbidity and mortality for all age groups, but with substantial variation in 
impact by age 
➢Adult age groups 
• Phase 3 model projects somewhat less  favorable results overall due to declining burden of illness 
• ICERs for 65+ age group [$23,000/QALY] are robust to changes in parameter inputs across plausible 
ranges [cost saving -$117,000/QALY] 
• ICERs for 18 -49y [$212,000/QALY] and 50 -64y [$113,000/QALY] age groups are sensitive to changes in 
parameter inputs Parameter Age ICER range ($/QALY) 
Vaccine impact 18-49 y $145,000 – $616,000 
50-64 y $68,000 – $296,000 
QOL impact, symptomatic illness 18-49 y $140,000 – $443,000 
50-64 y $83,000 – $178,000 
Vaccine dose cost 18-49 y $66,000 – $231,000 
50-64 y cost saving – $128,000 
Risk of hospitalization 18-49 y $108,000 – $244,000 
50-64 y cost saving – $211,000 
37 
    
 
 
  
       
   
    
   
   
   
  
   Summary -preliminary estimates (2) 
➢Pediatric age groups 
• ICERs for 5 -11y [$200,000/QALY] and 12 -17y [$203,000/QALY] age groups are very sensitive to 
changes in parameter inputs 
Parameter Age ICER range ($/QALY) 
Vaccine impact 5 -11 y $110,000 -$743,000 
12 -17 y $109,000 -$720,000 
QOL impact, symptomatic illness 5 -11 y $134,000 -$385,000 
12 -17 y $136,000 -$385,000 
Probability, symptomatic illness 5 -11 y $133,000 -$375,000 
12 -17 y $135,000 -$377,000 
Vaccine dose cost 5 -11 y $107,000 -$239,000 
12 -17 y $107,000 -$239,000 
• Evidence base for pediatric age groups overall less robust 
• Estimated results reflect higher degree of uncertainty compared with adult age groups 
38