The phrase "averted cost" is not commonly used in written English and may not be widely recognized.
It can be used in contexts discussing economic or financial implications, particularly when referring to costs that have been avoided or prevented.
Example: "By implementing the new safety measures, the company was able to realize a significant averted cost in potential accidents."
Alternatives: "avoided cost" or "prevented cost".
The averted cost of medical treatment for HIV over time was a function of the number of HIV infections averted each year and the rate of disease progression, combined with associated medical costs.
The input needed from the STI program in order to apply the averted cost formulas is summarized in Table 2.
The Components D and E estimated the averted cost for a household with a child protected by influenza vaccine, compared to a household with an unvaccinated child.
These ranges show the estimated 10th and 90th percentile of averted cost estimates that would result in 50,000 simulations in which the inputs in Table 1 were simultaneously varied between their lower and upper bounds (assuming a triangular distribution).
On the other hand, because our study's Component E represents the per-household averted cost comparing between households with a 100%% child vaccination rate and those with a 0%% child vaccination rate, the component E is expected to be at least $210.45.
The model generates estimates of pneumococcal disease cases avoided, deaths averted, cost differences, and QALYs gained for a policy of PCV13 pediatric vaccination versus a policy of PCV7 pediatric vaccination.
In addition, these multicomponent interventions have the potential to generate positive economic returns over investment when the averted costs of tobacco-associated illnesses are considered.
The objectives of the present study were to estimate the human and financial resources needed for a rapid roll-out of MAMC and the net costs or savings when taking into account averted costs of HIV medical care.
Indeed, we showed that in 5 years, we could avert at least 1360 infections, avert loosing 4155 years due to disability and mortality and approximately CAD$211 million in averted costs by just increasing HAART coverage to 50% of eligible individuals.
34, 35 Vaccination was considered highly cost-effective when the ICER was less than the GDP per capita ($4,289 per DALY averted), cost-effective when the ICER was between one and three times the GDP per capita ($4,289 $12,868 per DALY averted), and not cost-effective when the ICER exceeded three times the GDP per capita (> $12,868 per DALY averted).
For the four hypothetical program activities in our example, the estimates of the averted costs ranged from $165,030 to $575,360.
