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Costing of AMR can Incentivize Responses to One Health
1Visiting Fellow, Boston College, Boston and former Chief Environmental Economist, UNEP, Boston, USA.
Monetizing the economic and societal damage from antimicrobial resistance (AMR) is achievable. Costing AMR provides clear policy guidance and supports investment in One Health interventions.
Area of Science:
- Health Economics
- Public Health Policy
- Infectious Disease Management
Background:
- Antimicrobial resistance (AMR) poses a significant threat to global health and economies.
- Quantifying the economic and societal impact of AMR is crucial for effective intervention strategies.
- Existing decision-making processes are often hampered by a lack of clear cost-benefit analyses for AMR.
Purpose of the Study:
- To demonstrate the necessity and feasibility of monetizing the economic and societal damage caused by AMR.
- To highlight how costing AMR can improve policy responses and decision-making clarity.
- To emphasize the role of AMR costing in facilitating investment for One Health initiatives.
Main Methods:
- Economic modeling to quantify the direct and indirect costs associated with AMR.
- Societal impact assessment including healthcare utilization, productivity losses, and quality of life.
- Policy analysis frameworks to evaluate the effectiveness of different intervention strategies.
Main Results:
- Monetizing AMR-related damages is a viable approach to understanding its full impact.
- Costing AMR provides a quantifiable basis for policy development, reducing ambiguity.
- Such economic evaluations are essential for justifying and directing investments in AMR control.
Conclusions:
- The economic and societal costs of antimicrobial resistance can be effectively quantified.
- Costing AMR is a critical step towards informed policy-making and resource allocation.
- This approach supports the necessary investments for successful implementation of the One Health strategy.
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