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New report: Future pandemics pose massive risks to human lives, global economic security

tetano

Editor, Senior Moderator
Infectious disease outbreaks that turn into epidemics or pandemics can kill millions of people and cause trillions of dollars of damage to economic activity, says a new report from the international, independent Commission on a Global Health Risk Framework for the Future. Few other risks pose such a threat to human lives, and few other events can damage the economy so much. The Commission estimated the global expected economic loss from potential pandemics could average more than $60 billion per year. Yet, nations devote a fraction of the resources to preparing, preventing, or responding infectious disease crises as they do to strengthening national security or avoiding financial crises.
The Commission recommended an investment of approximately $4.5 billion per year - which equates to 65 cents per person - to enhance prevention, detection, and preparedness. The biggest component of this investment is to upgrade public health infrastructure and capabilities for low- and middle-income-countries, which is estimated to cost up to $3.4 billion per year. The second biggest component of the $4.5 billion figure is $1 billion per year to fund accelerated research and development in a wide range of medical products. The balance relates to financing the strengthening of the World Health Organization's (WHO) capabilities and funding WHO and World Bank contingency funds.

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http://www.medicalnewstoday.com/releases/305095.php
 
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