I have a Viewpoint out in JAMA with my colleague – The COVID-19 Pandemic and the $16 Trillion Virus. It is particularly relevant today 1/13
Q: What's more costly than controlling COVID-19? A: Not controlling COVID-19. estimates cumulative cost of COVID-19, continuing current trajectory, at $16 trillion, or ~90% of US annual GDP. Investment in testing would yield 30x return.
The cost of the pandemic for the US is immense: and estimate that the loss is about $16 Trillion for the US – that's about 90% of the country's GDP. For a family of 4 it equals a loss of $200,000 But they also show a way forward…
A $16 Trillion virus. Investment in testing could have reduced the cost of this recession in ways in which monetary and fiscal policy could not. Central bankers talk about fiscal policy maybe they should have talked more about health policies.
David Cutler and Larry Summers estimate that the COVID-19 pandemic will cost the US over 16 Trillion dollars in forgone economic activity, lost lives, worse health...highlighting the meager size of Congress' response
30-fold return on investment for Covid control per new article in by and . $16 trillion cost of pandemic, $200,000/family. Note: most of this cost could have been prevented with a competent federal response.
When people argue that we can't afford universal health coverage, pandemic preparedness, funding , building effective surveillance systems; just point them to this paper on the $16 trillion cost of this #COVID19 pandemic
The #COVID19 pandemic has cost the US an estimated $16 TRILLION Investing in testing + contact tracing could have economic benefits that are 30 times greater than their costs. New piece by
„the immense financial loss from #COVID-19 suggests a fundamental rethinking of government’s role in pandemic preparation. Currently, the US prioritizes spending on acute treatment, with far less spending on #publichealth services and infrastructure“
I guess that is a lot of money. Remember, this was caused by information contained in 30,000 letters (nucleotides), a tiny bit of fat, protein and some sugar on top.
According to this new paper (Cutler and Summers in ) in the US the economic costs of the COVID-19 crisis are 50x those of climate change over the next 50 years or about 90% of current annual GDP >$16 trillion
Study pegs Covid cost at $16 trillion so far. Incidentally, that's $80 million per death. Amazing considering median age of Covid death is 76, just 2 years lower than natural life expectancy.
As the nation struggles to recover from #COVID19, public health investments made in testing, contact tracing, and isolation should be established permanently and not dismantled as the pandemic recedes
Extremely sobering new analysis via my colleagues & in concludes that SARS-CoV-2 is a "$16 Trillion Virus" 1/
“the projected economic return from the test and trace strategy is approximately 30 times the cost...” From and in How bad of a business person would you have to be to walk away from a 30x ROI? 🤔
No better argument for greater investment in #publichealth services & infrastructure. In new piece, & estimate cumulative US #COVID19 costs at > $16 trillion.
As the nation struggles to recover from #COVID19, public health investments made in testing, contact tracing, and isolation should be established permanently and not dismantled as the pandemic recedes
Harvard economist and former Treasury secretary/Harvard prez estimate the cost of the pandemic to be $16 trillion. Via
While there may be some quibbles here or there as to the exact ways they estimate, this is one of the most lucid and readable accounts I’ve seen of just how much #covid is costing the US economically “The COVID-19 Pandemic and the $16 Trillion Virus “
Public health saves lives and money The COVID-19 Pandemic and the $16 Trillion Virus via part of
The COVID-19 Pandemic and the $16 Trillion Virus
Other experts (tentatively) contemplate figures as high as 1,000,000 () or 625,000 (). I don’t think these high counts of deaths are inconceivable, alas, especially given our poor management of the pandemic. 10/
The COVID-19 pandemic is ongoing, and full recovery is not expected until well into the future. & report on the estimated cost of the pandemic and the need for permanent public health investments:
. & report on the estimated impact of the COVID-19 pandemic and the need for permanent public health investments:
The #COVID19 Pandemic and the $16 Trillion Virus. ($16tr is cost just to the US (not globally)). “The immense financial loss from COVID-19 suggests a fundamental rethinking of government’s role in pandemic preparation. “ via
Clearly, the human toll of #COVID19 is devastating enough to merit greater action. But it hasn't so far. Will an accounting of the economic benefits of investing in testing & contract tracing prove greater motivation?
The COVID-19 Pandemic and the $16 Trillion Virus
Staggering: The $16 Trillion cost of #COVID19 to the US 90% of our GDP
"The total cost is estimated at more than $16 trillion, or approximately 90% of the annual gross domestic product of the US."
“...increased investment in testing & contact tracing could have economic benefits...at least 30x greater than the estimated costs of investment in these approaches... policies that can materially reduce the spread of #SARSCoV2 have enormous social value”
This estimate of the economic cost of the #COVID19 pandemic to the United States is staggering via & in
$16 TRILLION cost of COVID in the US alone. Incredible. And the cost of prevention/containment measured in billions.
If the US spent $16 trillion dollars to prevent COVID it would have paid for itself. The global cost is far greater. What are we doing to prevent the next pandemic? Real surveillance requires strong global health and information systems everywhere.
U.S. #COVID19 costs will exceed $16 trillion ($200,000 per family or 90% of a year’s GDP), say & . I’d add the economic cost of excess anger and love deficits due to the pandemic! Need for similar exercises in other regions/countries
The COVID-19 Pandemic and the $16 Trillion Virus via part of
good summary of a reality we must face or perish.
Cost of COVID - 16 trillion $! Ok, they’re economists & known to exaggerate exponentially. But 1.6 trillion $ is still a lot of money
"The $16 Trillion Virus". Maybe a second stimulus package would help. via part of
I'm retweeting this article for those still deciding how to vote in the General Election. Read about the ROI of investing in testing, contact tracing & isolation. via part of
The COVID-19 Pandemic and the $16 Trillion Virus via part of
4/ …& to gear up the manufacturing/distribution channels before the winners have been identified – which I liken to a relay racer getting a head start before receiving the baton. Given new evidence that Covid will result in $16 trillion in economic costs
The COVID-19 Pandemic and the $16 Trillion Virus | Infectious Diseases | JAMA | JAMA Network