Willingness to Pay for COVID-19 Vaccines in Hungary
Author(s)
Beretzky Z1, Thema M1, Brodszky V2
1Corvinus University of Budapest, Budapest, Hungary, 2Corvinus University of Budapest, Department of Health Policy, Budapest, PE, Hungary
Presentation Documents
OBJECTIVES: Several different coronavirus (COVID-19) vaccines have already been authorized and distributed all over the world, including Hungary since December 2020, but vaccine acceptance and willingness to pay (WTP) for vaccines vary. We aimed to assess the Hungarian populations willingness to pay for COVID-19 vaccinations.
METHODS: We conducted a cross-sectional online questionnaire survey in May 2021. To assess the preferences towards the different vaccines available in Hungary at the time of the study, we used a multi-step WTP task.
RESULTS: Altogether 2,000 respondents filled out our survey, with the average age of 49.1 (SD=15.3), out of whom 1374 (67.4%) respondents received at least the first dose of vaccine, while 106 (5.3%) have registered to be vaccinated. Ranking the vaccines by WTP, most respondent preferred the Pfizer-Biontech vaccine in first place (n=462). The second largest subgroup ranked Pfizer and Moderna vaccines in first place with same WTP value (n=224), while the third 217 largest subgroup ranked of respondents ranked all vaccines with the same WTP value (higher, than 0). The average willingness to pay results ranged from 14.2 EUR to 30.3 EUR for the different vaccine types. Vaccinated respondents expressed a higher WTP amount for all five vaccines than the registered, but not vaccinated respondents and the non-vaccinated respondents had the lowest WTP values. The highest willingness to pay amount was obserevd in vaccinated (39.3 EUR) respondents for the Pfizer-Biontech vaccine. Male respondents, respondents with higher education and income above the median income expressed a higher WTP value for all five vaccines.
CONCLUSIONS: Based on the WTP rankings we found that respondents were able to assert their preferences as the majority) received their first preference of vaccine even though the choice on which vaccine someone could receive was partially limited.
Conference/Value in Health Info
Value in Health, Volume 26, Issue 11, S2 (December 2023)
Code
EE295
Topic
Patient-Centered Research
Topic Subcategory
Health State Utilities, Stated Preference & Patient Satisfaction
Disease
Vaccines