Pharmaceutical Executive June 29, 2020
The current coronavirus pandemic sweeping across the globe represents one of the greatest fiscal challenges to US healthcare policymakers in modern times. The Federal Reserve expects the US economy to contract by a staggering 6.5% this year, with approximately 20 million Americans unemployed and many more without medical insurance.
The eventual impact will depend on the proportion of the US population infected with the SARS-CoV-2 virus. As the infection rate rises, additional healthcare expenditure will be required to treat patients whilst prolonged economic lockdowns will become ever more necessary. Such lockdowns will inevitably cause further job losses, with the newly unemployed also losing their medical insurance and being less able to pay for their healthcare. Fewer businesses, and fewer...
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