New study: Long Covid has cost the Australian economy billions in lost working hours

New study: Long Covid has cost the Australian economy billions in lost working hours

In summary:

According to a new study, economic productivity was lost by about $9.6 billion in 2022 due to Long Covid.

According to the researchers, this was equivalent to about a quarter of Australia’s real gross domestic product growth that year.

What happens next?

Some experts are calling on state governments, the federal government and policy makers to place greater focus on Long COVID.

Long COVID cost the Australian economy nearly $10 billion in lost working hours in 2022, according to a new study.

The study, published in the peer-reviewed Medical Journal of Australia, calculated the number of hours Australians were unable to work or had to reduce their working hours due to persistent COVID-19 symptoms 12 months after their diagnosis.

The study examined the number of COVID-19 infections between January 2022 and December 2023.

It found that as of September 2022, approximately 1.3 million Australians were living with Long COVID, including approximately 55,000 children aged four and under.

How many hours were lost due to Long-COVID?

The researchers examined wastewater monitoring data from more than 5,000 working adults and developed a mathematical model to calculate the number of persistent COVID-19 symptoms.

The study included adults whose symptoms lasted between three and twelve months, as well as those who never recovered from their illness and whose symptoms lasted for more than a year.

Quentin Grafton, a professor at the Australian National University and an economics specialist, was involved in the study. He said around 100 million working hours were lost.

More than 50 percent of the total labor loss was among workers between the ages of 30 and 49.

“This not only impacts the people who have long Covid, but also the people who care for them and their families and friends. It impacts the entire economy,” he said.

“When we talk about 10 billion, that’s kind of a mid-range estimate for the losses in Australia, that’s almost $400 per person.”

Professor Grafton said governments, policy makers and businesses must take much greater responsibility because the costs of Long Covid are far greater than creating better conditions.

“The costs are not large and not insignificant, but they are less than the costs we are currently incurring from Long Covid,” he said.

“In my opinion, the basic economic cost-benefit analysis shows us that it makes sense from a social perspective, from a health perspective, from a public health perspective. It’s time for decision makers to take action.”

What are some solutions?

Researchers have estimated that by December this year, between 173,000 and 873,000 Australians are likely to still be living with Long COVID one year after their initial infection – not including reinfection.

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