Source: www.maskssavelives.org
I have worn a beard of some sort pretty much since my mid-20s. I’m clean shaven now. And that’s because I’m not going to enter any enclosed public space without wearing a mask, until such time as I can get vaccinated against this. And a surgical mask doesn’t work well with a goatee. So, it’s time to shave.
That mask use runs contrary to current CDC guidance. But I’m not the only one disagreeing with CDC guidance in this regard. This article was brought to my attention by a colleague, and I think everybody in the USA should read it. Start with that.
And it looks like, nationally, a lot of people are more-or-less coming to the same decision. Fully realizing that the main purpose of the internet is to allow crazy people to find each other and reinforce their views, the push to use some sort of mask in public, or at least to question the official CDC guidance, appears to be growing.
At present, I’m sitting here trying to sift through the available science on masks. I cannot tell you that there is a good evidence basis behind wearing a mask. I’m pretty sure that cheap ones don’t do much to protect you, but I’m beginning to suspect that they do something. And that, as importantly, they do something to protect others from you.
So, I know what science questions I need to ask, I’m just not finding answers. And my profession isn’t medicine, I don’t really have the bona fides to answer those questions anyway.
But, as an economist, I am qualified to do a quick little cost benefit analysis. Let me do it in the form of a word problem.
A 3M Aseptex non-sterile mask retails for about $0.40. Let’s say that universal use of those masks, by adults, would shorten the pandemic a bit. Let’s say that adults can reuse them as some hospitals now are, by the simple expedient of putting them in a paper bag to dry overnight. And let’s further say that, at some point, this pandemic is going to grind the US economy to a halt. There are about 250 million adults in the US. And the 2019 US GDP was $21.44 trillion dollars.
Question: How much would universal mask use have to shorten this pandemic, in order for it to be cost-effective.
Answer: About three minutes. If universal mask use shortened the duration of the US coronavirus epidemic by three minutes, it would be cost-effective.
Calculation: Total cost is $0.40 x (250×10^6) = $1×10^8. (A hundred million dollars). The fraction of a year’s GDP is $1×10^8/$2.144×10^13 = 4.66×10^-6. There are 365*24*60 = 5.26*10^5 minutes in a year. And so that fraction of GDP amounts to 4.66×10^-6 X 5.26*10^5 = 2.45 minutes.
For the more medically minded, we could also do this by focusing narrowly on medical care costs, and do this in terms of cost-to-treat. How many (say) hospitalizations would need to be avoided by universal adult mask use, in order for the reduction in hospital costs to offset the cost of the masks? Guessing that a 12-day ICU-intensive is the median for this, based on the previously discussed WHO report on the Chinese experience, I’d guess a cost per discharge around $100,000. If masks are $0.40, then if universal mask use merely avoided one hospitalization for every 250,000 US adults, it would be worthwhile from a cost-benefit standpoint. Since there are 250 million adults, that means that if it merely avoids 1000 coronavirus hospitalizations, over the course of the pandemic, it more than pays for itself, merely looking narrowly at hospitalization cost, and ignoring the much larger GDP loss as the economy shuts down. Either way, seems like a bet well worth taking.
It’s not rocket science. Masks are cheap. GDP loss is hugely expensive. Hospitalizations are somewhat expensive. All that a policy of universal mask use needs is just a tiny probability of modest success, and such a strategy would be hugely cost-effective. In my opinion, the evidence, such as it is, gives you that tiny probability, and then some. It’s a cheap bet.
Seriously, in terms of taking a bet on something, that seems like a pretty cheap one, to me. As in, what on earth are we waiting for? It may be time to push the medical establishment aside on this issue, and let the economic consequences of action or inaction drive the decision, despite possibly ambiguous scientific evidence.
Continue reading Post #587: Mask-oriented post #1