Canada was spared the loss of billions of dollars by COVID-19 vaccination campaigns, according to the C.D. Howe Institute.
A new report authored by institute policy analysts Rosalie Wyonch and Tingting Zhang offers projections of what could have happened had the federal government not pursued and pushed vaccines.
"Estimates suggest 21 per cent fewer cases, 37 per cent fewer hospitalizations and 34,900 fewer deaths ," Wyonch and Zhang say. "Using the statistical value of life, the estimated lives saved are valued at an additional $27.6 billion.
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