Pharmacoeconomics: Open Access

Economic Evaluation of Vaccination Programs: Assessing Cost-Effectiveness and Public Health Impact

Abstract

Stella Frost

Economic evaluation of vaccination plays a crucial role in assessing the cost-effectiveness and societal impact of immunization programs. With limited healthcare resources and competing priorities, decision-makers must allocate funds efficiently to maximize public health benefits. Economic evaluation provides a systematic framework for comparing the costs and benefits of vaccination, helping policymakers make informed decisions about resource allocation, program design, and policy implementation. At its core, economic evaluation involves analyzing the costs and health outcomes associated with vaccination. This typically involves comparing the costs of vaccination (including vaccine procurement, administration, and monitoring) to the economic benefits derived from preventing illness, disability, and death. By quantifying both the economic costs and health benefits of vaccination, decision-makers can assess the value of immunization programs in relation to other healthcare interventions.