How to Prevent Future Pandemics
- Here's a breakdown of the financial information presented in the text:
- * annual Pandemic Prevention/Preparedness/Response (World Bank/WHO estimate): $31 billion * Upfront investment for Vaccine Manufacturing Capacity (IMF estimate): $60 billion * ongoing Annual Investment for Vaccine Manufacturing Capacity...
- The article emphasizes that investing in pandemic preparedness is considerably cheaper than dealing with the economic and human costs of a pandemic itself.
Here’s a breakdown of the financial information presented in the text:
* annual Pandemic Prevention/Preparedness/Response (World Bank/WHO estimate): $31 billion
* Upfront investment for Vaccine Manufacturing Capacity (IMF estimate): $60 billion
* ongoing Annual Investment for Vaccine Manufacturing Capacity (IMF estimate): $5 billion
* Cost of COVID-19 to the US Economy (through end of 2023): $14 trillion
* Potential Global Economic Loss from Influenza Pandemic: Could be double the cost of COVID-19 (potentially $28 trillion)
* Estimated Cost to Develop a single Vaccine (CEPI, 2018): $300 – $500 million
* Proposed Investment for Vaccines/Treatments/Tests (Coronavirus & Influenza): $10 billion over 10 years.
The article emphasizes that investing in pandemic preparedness is considerably cheaper than dealing with the economic and human costs of a pandemic itself.