How much does flu season cost the economy?
Seasonal flu costs the US economy almost $90bn (£45bn; €67bn) a year, says a new report by researchers from the US Centers for Disease Control and Prevention.
What is the average cost of a flu vaccine?
The Cost of a Flu Shot
The average cost of a high-dose flu shot without insurance is typically around $70. The CDC private sector cost for a quadrivalent flu shot ranges from $16.94 to $25.76.
How much does the flu cost employers?
With the current employment-to-population ratio of 61.2% and average hourly wage of $28.44, according to the Bureau of Labor Statistics, employees taking four eight-hour days away from work due to the flu could cost employers $13,056,764,338.
How many US dollars are lost in productivity due to influenza sick days each year?
The direct cost of seasonal influenza totaled US$22 million annually, including costs of pharmaceuticals and outpatient services. The annual average number of working days lost was predicted at 793 000, resulting in an estimated productivity loss of US$231 million.
How long does a flu shot last?
The flu shot offers protection against the flu for about 6 months. A person should get a flu shot every year, and the best time to get one is the end of October. In this article, we discuss how long the flu shot lasts, how often a person should have one, and the side effects and benefits of flu vaccination.
How much do flu shots cost without insurance?
How much is the flu shot without insurance? The CDC recommends any licensed, age-appropriate flu vaccine without preference for one over the other, including injectable vaccines and nasal spray vaccines. Without health insurance, the price typically ranges from $30-$40 for the Fluzone quadrivalent vaccine.
How much does the flu cost annually?
Every year influenza, or “flu,” affects employers and businesses. Flu costs the U.S. approximately $10.4 billion* in direct costs for hospitalizations and outpatient visits for adults.
How do I encourage the flu shot?
Use promotional posters/flyers to advertise locations in the community that offer seasonal flu vaccinations. Display posters about flu vaccination in break rooms, cafeterias, and other high-traffic areas. Post articles in company communications (i.e., newsletters, intranet, emails, portals, etc.)
How much money do companies lose on sick days?
The Centers for Disease Control and Prevention (CDC) reports that productivity losses linked to absenteeism cost employers $225.8 billion annually in the United States, or $1,685 per employee.
What is the cost of absenteeism?
According to Absenteeism: The Bottom-Line Killer, a publication of the workforce solution company Circadian, unscheduled absenteeism costs roughly $3,600 per year for each hourly worker and $2,660 each year for salaried employees. The costs can be attributed to many factors including: Wages paid to absent employees.
How much does illness cost?
Cost of illness analysis is a way of measuring medical and other costs resulting from a speciﬁc disease or condition. For example, heart disease in the United States costs more than $321 billion each year—$193 billion in direct medical costs and $128 billion in lost productivity from early death.