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.

The estimates come from David Cutler, an economist from Harvard University. He based his estimates partly on previous research on chronic fatigue syndrome, which closely mirrors COVID-19 both in symptoms and treatment options, CNBC reports. Cutler’s total $3.7 trillion estimate includes a combination of costs related to reduced quality of life, reduced earnings and increased medical expenses for patients. Individual costs will likely vary between $3,700 and $14,000 per person, Cutler estimates, but the average would come to about $9,000 apiece.

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