ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Evidence of Low Willingness to Pay for COVID-19 Vaccines

Evidence of Low Willingness to Pay for COVID-19 Vaccines

This article draws on a recent survey conducted in peri-urban Bhopal to provide an estimate of the willingness to pay for the vaccines. The fi ndings indicate the need for higher subsidisation through expansion of the budgetary provisioning and integrating this with willingness to pay.

Attaining sufficient immunity aga­inst COVID-19 is, perhaps, amo­ngst the biggest challenges confronting humanity around the globe. In addition to the horrific death toll of close to 4 million and counting (as on 2 July 2021), the pandemic has had devastating effects on the lives and livelihoods and is likely to reverse years of effort in combating global poverty (Slotman 2020). The crisis has exposed the utter inadequacies of the existing social and healthcare systems in most countries, regardless of their average per capita income, as well as the alarming health inequities, par­ticularly in developing countries like India. António Guterres, the Secretary General of the United Nations, noted in December 2020,

the pandemic has hit the poorest and most vulnerable in our societies hardest … damage that will stretch across years, even decades to come … These intergenerational imp­acts are not due to COVID-19 alone. They are the result of long-term fragilities, ine­qualities and injustices that have been exposed by the pandemic.1

India is no exception in this regard and remains amongst the worst affected countries, ranking second in the number of reported cases and third in the total number of ­fatalities.

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Updated On : 18th Jul, 2021

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