COVID-19 pandemic to cost Americans roughly $16 trillion, study says


COVID-19 pandemic to cost Americans roughly $16 trillion, study says

 

The deadly coronavirus pandemic will ultimately cost Americans an estimated $16 trillion, according to a new study released Monday.

The study, published in the Journal of the American Medical Association, “aggregates mortality, morbidity, mental health conditions, and direct economic losses to estimate the total cost of the pandemic in the US on the optimistic assumption that it will be substantially contained by the fall of 2021.”

COVID-19 — which has killed more than 214,000 Americans since the first case in the nation was reported in January — “is the greatest threat to prosperity and well-being the US has encountered since the Great Depression,” wrote the authors of the study, former Treasury Secretary Lawrence Summers and Harvard University economist David Cutler.

The study, which is classified in the medical journal as a “viewpoint,” explains that based on the current death rate of the killer bug, “another 250,000 deaths can be expected in the next year,” leading to a total of an estimated 625,000 deaths related to the pandemic.

Political News

Recent Articles

more articles
September 17, 2021
Brian Peskin Enhancing Your Body’s Ability to Fight the COVID 19 Virus with EFAs
Brian Peskin Enhancing Your Body’s Ability to Fight the COVID 19 Virus with EFAs

Brian Peskin Enhancing Your Body’s Ability to Fight the COVID 19 Virus with EFAs. EFA's have anti-fungal, anti-yeast, and anti-microbial properties, helping to protect against infections. Keeping bones strong.

September 12, 2021
England Drops Vaccine Passport Plan
England Drops Vaccine Passport Plan

The plan to mandate CCP (Chinese Communist Party) virus vaccine passports for n...

September 12, 2021
DeSantis Responds to Biden’s Vaccine Mandate: ‘In Florida, We Will Fight Back’
DeSantis Responds to Biden’s Vaccine Mandate: ‘In Florida, We Will Fight Back’

Florida Gov. Ron DeSantis said his state will fight back against President Joe ...

September 10, 2021
19 Governors, 2 AGs Resist Biden’s Vaccine Mandates
19 Governors, 2 AGs Resist Biden’s Vaccine Mandates

More than a dozen governors and two attorneys general late on Sept. 9 issued st...

September 2, 2021
‘Hundreds’ of Americans Still in Afghanistan After Last Military Flight
‘Hundreds’ of Americans Still in Afghanistan After Last Military Flight

The Pentagon has admitted that “hundreds” of Americans seeking evacuation have ...

Do you want to talk?

Drop us a line and we'll get back as soon as we can.

Upcoming Events

more events
Sep
21
Tue
Sep
22
Wed
Sep
23
Thu
Sep
24
Fri
Sep
25
Sat
Sep
26
Sun
Sep
27
Mon
Sep
28
Tue
Sep
29
Wed
Sep
30
Thu
Oct
01
Fri
Oct
02
Sat
Oct
03
Sun
Oct
04
Mon
Oct
05
Tue
Oct
06
Wed
Oct
07
Thu
Oct
08
Fri
Oct
09
Sat
Oct
10
Sun
Oct
11
Mon
Oct
12
Tue
Oct
13
Wed
Oct
14
Thu
Oct
15
Fri
Oct
16
Sat
Oct
17
Sun
Oct
18
Mon
Oct
19
Tue
Oct
20
Wed