S D Med . The Economic Implications of COVID-19 in the United States

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S D Med


. 2020 May;73(5):218-222.

The Economic Implications of COVID-19 in the United States


Devyani Ramgobin ¹ , Jamal Benson ² , Ricci Kalayanamitra ² , Zainab Shahid ³ , Alice Cai ² , Brendan McClafferty ³ , Andrew Groff ² , Ravi Patel ⁴ , Ramarao Vunnam ⁴ , Reshma Golamari ⁴ , Nitasa Sahu ⁴ , Kirk Jones ⁵ , Dhirisha Bhatt ⁴ , Rohit Jain ⁴



Affiliations

• PMID: 32579802

Abstract

The novel coronavirus disease 2019 (COVID-19) first reported in Wuhan, China, in 2019 has evolved into a pandemic and public health emergency, leading to extensive fatalities and halting global economies. Older adults have emerged as a critically vulnerable population as earlier data suggests a disproportionately increased incidence of COVID-19 in this population, as well as worse health outcomes. Disease attenuating behaviors such as social distancing has been encouraged and mandated across different countries leading to downstream economic ramifications. This paper seeks to outline the economic implications of COVID-19 in the U.S. (particularly in terms of vocational, retail, and service industries), highlighting the role of nursing homes in disease dissemination. We also discuss potential costs associated with COVID-19 management focusing on the senior population who rely on Medicare benefits for health insurance.