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Getting The Price Tag Of The Covid Crisis: Measuring Health Expenditures In A Pandemic Based On The System Of Health Accounts Framework, John Lourenze Poquiz, Maegan S. Saroca

Angelo King Institute for Economic and Business Studies (AKI)

The COVID-19 pandemic forced many (if not all) countries to resort to extreme interventions to manage the spread of the Corona virus. However, most of these spending are not explicitly considered as health expenditures in typical National Health Accounts (NHA) estimates. As such, estimating health spending by employing the conventional expenditure items recorded in NHAs may not reflect the overall financial impact of the COVID-19 pandemic on the healthcare system. We argue that an expanded measure of health spending might be needed to capture the overall impact of the pandemic on the health expenditures. We find at least nine COVID-related …