Other costs associated with long COVID could further inflate these numbers. For instance, in addition to losing income, workers may not be able to add to their retirement funds if they're out of work due to long COVID, meaning they ultimately lose out on matching employer contributions and tax savings. (Credit: Credit: fizkes/Shutterstock) Other costs associated with long COVID could further inflate these numbers. For instance, in addition to losing income, workers may not be able to add to their retirement funds if they're out of work due to long COVID, meaning they ultimately lose out on matching employer contributions and tax savings. (Credit: Credit: fizkes/Shutterstock)

The costs of COVID-19 just keep climbing. According to an article from CNBC, long COVID could end up costing the economy over $3.7 trillion dollars, and the yearly average medical costs will be around $9,000 per patient.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.